ITT Corporation (NYSE:ITT) has announced the appointment of a new leader to one of its key business units. Effective April 21, 2011, Munish Nanda assumed the role of President of ITT’s Control Technologies business headquartered in Valencia, California with industry-leading brands such as ITT Enidine, Aerospace Controls, NeoDyn™, Compact Automation Products, Burny™ and Kaliburn. Nanda will report directly to Denise Ramos, currently Senior Vice President and Chief Financial Officer of ITT Corporation, who will serve as the Chief Executive Officer of the new ITT following the company’s planned spin-off later this year.
“Munish brings an outstanding track record of operational excellence and supply chain management to his new role,” said Denise Ramos. “His extensive understanding of our markets, strong team leadership and customer-minded approach will be an asset to the Control Technologies business and ITT moving forward.”
Nanda joined ITT in 2008 as Vice President of Operations for the Motion Control Group. His role was expanded later that year to also include responsibility for the Fluid Technology business. He has been successful in refocusing the organization to drive customer centricity and employee engagement while streamlining the product portfolio and integrating the supply chain across all businesses.
Prior to joining ITT, Nanda held executive leadership positions at Thermo Fisher Scientific Corporation and Honeywell. He earned a Bachelor of Science degree in Product Engineering with Honors from Regional Engineering College in India, a Master of Business Administration degree from Northern Arizona University and has had continuing executive education from Northeastern University, Babson College and the Wharton School of Business.
Following completion of the spinoff, ITT Corporation will continue to be a diversified global manufacturer of highly engineered industrial products and high-tech solutions. Its global platform will include ITT’s current Industrial Process business, as well as its Motion Technologies, Interconnect Solutions and Control Technologies businesses. ITT Corporation will have leading market positions across an extensive portfolio of advanced technology industrial pumps, valves and control systems serving the oil and gas, mining, chemical, power generation, and pulp and paper markets. It will also have leadership positions in highly engineered products such as specialized and harsh-environment connectors, aerospace valves, actuators and components, as well as shock absorbers, brake pads and other energy absorption solutions.
Filed Under: Factory automation, Automation components, Fluid power, Motion control • motor controls