Marine Mover – ITT Industries names new president

WHITE PLAINS, N.Y. – Marine industry supplier ITT Industries Inc. has named Steven Loranger as its president and chief executive, the company said in a release today

Loranger, 52, had been chief operating officer at Textron Inc., and worked at Honeywell for 21 years before that, most recently as president and CEO of the company’s engines, systems and services division.

“ITT Industries is a distinctive company with an effective portfolio of strong market-leading businesses, and a proven management team with a passion for winning,” Loranger said. “I am pleased to become part of this team and I will be working closely with ITT’s management to ensure a seamless and productive transition. Together, we will continue to build upon the company’s commitment to operational excellence, growth through the introduction of new products and leadership development.”

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