Member News: ITT Announces CFO Transition Plan

NFPA member news is designed to inform members of key industry updates in quick, bite-sized posts that provide only the most important information. This week’s update comes from ITT Inc.

ITT Corporation logoITT Inc. recently announced that Emmanuel Caprais will succeed Thomas Scalera as Chief Financial Officer on October 1, 2020, as part of the Company’s planned transition process. Emmanuel, who is currently Group CFO in charge of the Business Unit Finance teams, Financial Planning & Analysis, and Investor Relations, will assume the role of Senior Vice President and Chief Financial Officer. Scalera will continue to serve in an advisory capacity to ITT through January 6, 2021.

Scalera joined ITT in 2006, holding various finance roles before being appointed as the Chief Financial Officer for the new ITT following two spin-offs in 2011. Caprais joined ITT in 2012 as segment CFO for Motion Technologies, and assumed the same role for the Industrial Process segment in 2017. He was named Group CFO in March of this year in addition to leading the Financial Planning & Analysis and Investor Relations functions for ITT.

Read the full release here.

Is your company making news? Let us know! Send your press releases regarding acquisitions, key personnel changes, moves, and expansions to Katrina Schwarz at kschwarz@nfpa.com.

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