WHITE PLAINS, N.Y., July 21 /PRNewswire/ -- ITT Corporation (NYSE:ITT) today announced the appointment of William E. Taylor to the position of President, ITT China. In this role, Taylor will serve as a member of the ITT Executive Council and will lead the development and deployment of the overall China strategy for the company. Taylor will also lead ITT's commercial business interests throughout China, working closely with the Motion and Flow Control and Fluid Technology business leaders, and the ITT functional leaders. He will be based in Shanghai, China. "We are delighted that Bill Taylor has accepted this strategically important role for us," said Steve Loranger, Chairman, President and Chief Executive Officer of ITT. "He has a proven track record of success over a 30-year career, including his most recent role as president of one of our largest value centers. In both his current and prior roles, Bill has had extensive experience operating in China, and we feel his background and business acumen make him well suited to this assignment. China is a critical growth area for ITT, and I look forward to working with Bill and his team to maximize our extensive opportunities there." Since 2004, Taylor, 53, has served as President of ITT's Industrial and Biopharm Group, based in Seneca Falls, New York. He joined ITT in January of 2003 as Vice President of the Process Products Division and Marketing. Prior to ITT, Taylor was President of the Delta Companies in Denham Springs, Louisiana. He served as President of Sundyne Corporation, a division of Hamilton Sundstrand, from 1995-2000. He was employed by Sundyne Corporation from 1980 and served in a number of quality assurance, strategic planning and marketing roles before becoming President. He began his career in 1977 with Sundstrand Aviation. Taylor received a Bachelor of Science degree in Technical Management from Regis University, in Denver, Colorado. About ITT Corporation ITT Corporation (http://www.itt.com/) supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids. The company plays a vital role in international security through its defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. It also serves the growing leisure marine and electronic components market with a wide range of products. Headquartered in White Plains, NY, the company generated $7.4 billion in 2005 sales. In addition to the New York Stock Exchange (NYSE Arca), ITT Corporation stock is traded on the Paris, London and Frankfurt exchanges. For free B-roll/video content and logo about ITT Corporation, please log onto http://www.thenewsmarket.com/ITT to preview and request video. You can receive broadcast-standard video quality digitally or by tape from this site. Registration and video are free to the media. DATASOURCE: ITT Corporation CONTACT: Tom Martin of ITT Corporation, +1-914-641-2157, Web site: http://www.itt.com/ http://www.thenewsmarket.com/ITT

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