ITT · ITT Inc.

The departure of Emmanuel Caprais as CFO — a 14-year veteran who held multiple Finance leadership roles — represents a significant leadership transition for ITT Inc., particularly given the centrality of the CFO role to financial reporting, capital allocation, and investor communications. His planned advisory role through July 1, 2026, signals intent to ensure continuity in financial oversight and reporting cycles, including potential upcoming quarterly filings. Michael J. Savinelli brings deep internal finance expertise, having served as Chief Tax Officer since 2011 and Treasurer since 2020, alongside substantial external experience at Terex, GE Capital, PepsiCo, and Ernst & Young — suggesting strong technical readiness for the interim role. The Board’s grant of $300,000 in RSUs and a $25,000 monthly stipend reflects both recognition of added responsibility and alignment with retention objectives during the transition. Notably, the filing explicitly confirms no related-party transactions or understandings regarding Savinelli’s appointment, reinforcing governance transparency. Investors should monitor the timeline and profile of the permanent CFO search, as well as any near-term commentary on financial strategy or capital deployment that may accompany this change.