Steven R. Loranger Elected to FedEx Corp. Board of Directors
September 25 2006 - 5:03PM
PR Newswire (US)
WHITE PLAINS, N.Y., Sept. 25 /PRNewswire/ -- ITT Corporation
(NYSE:ITT) today announced that Steven R. Loranger, the company's
Chairman, President and Chief Executive Officer, was elected to the
FedEx Corp. (NYSE:FDX) Board of Directors for a one-year term. "I
am pleased to be joining the FedEx Board of Directors," said Steven
R. Loranger, Chairman, President and Chief Executive Officer of ITT
Corporation. "I have always admired the company's focus on ethical
and professional standards, as well as its strategic deployment of
technology, and its commitment to employees, customers and the
communities it serves. I look forward to working with my fellow
board members on behalf of this outstanding company." As part of
the FedEx Board, Loranger, 54, will participate as a member of the
company's Audit committee. Loranger also serves on the boards of
the National Air and Space Museum and the Congressional Medal of
Honor Foundation. FedEx is a $33 billion company that provides
customers and businesses worldwide with a broad portfolio of
transportation, e-commerce and business services. Headquartered in
Memphis, Tenn., FedEx employs more than 275,000 employees and
contractors around the world. 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; defense communications and electronics products; space
surveillance and intelligence systems; and advanced engineering and
related services. Headquartered in White Plains, NY, the company
generated $7.4 billion in 2005 sales. DATASOURCE: ITT Corporation
CONTACT: Sara Whitman, +1-212-931-6121, Web site:
http://www.itt.com/
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