ITT appoints new Industrial Process business president
New York headquartered ITT has announced the appointment of David J. Malinas as president of its Industrial Process business. Malinas, who has joined ITT from biotechnology company Thermo Fisher Scientific, will report to Luca Savi, ITT’s CEO.
Malinas’ new role will involve delivering the strategic and operating plans of ITT’s Industrial Process business, which employs 2,500 people across the globe and had revenues in 2016 of $830 million. ITT’s Industrial Process business designs and manufactures a selection of engineered pumps and valves for the oil and gas, chemical, mining and industrial markets. Some of the business’ notable brands include Goulds Pumps, Bornemann, Engineered Valves, PRO Services and C'treat.
"David is a strong global leader with an impressive track record," said Denise Ramos, ITT CEO and President. "He has a strong operational background and deep experience in key areas such as strategy, marketing and new product development, process improvement and people leadership. These capabilities – along with his proven ability to transform business performance – will be a strong strategic fit for ITT and help IP (Industrial Process) drive operational excellence, strengthen customer intimacy and accelerate global growth."
COO Luca Savi said, "We are very pleased to have David joining ITT and the IP team. Given his strong technical and operational background, experience with highly engineered products and environments, and broad perspective across multiple global end markets, he will complement the deep experience we have on our IP team and help us continue to drive performance improvement."