
Management ChangeMay 7, 2026, 06:37 AM
ITT CFO Emmanuel Caprais Departs; Michael Savinelli Named Interim CFO
AI Summary
ITT Inc. announced that Emmanuel Caprais, its Chief Financial Officer, will leave the company for personal reasons effective May 8, 2026. Mr. Caprais will remain as a business advisor until July 1, 2026, to ensure a seamless transition. Michael J. Savinelli, the current Vice President, Treasurer, Chief Tax Officer & Assistant Secretary, has been appointed interim Chief Financial Officer while a search for a permanent successor is conducted. Mr. Savinelli will receive a $300,000 restricted stock unit grant and a $25,000 monthly cash stipend in his interim role.
Key Highlights
- ITT Inc. CFO Emmanuel Caprais will depart effective May 8, 2026, for personal reasons after 14 years.
- Mr. Caprais will continue as a business advisor to the CEO until July 1, 2026, for a smooth transition.
- Michael J. Savinelli appointed interim Chief Financial Officer, effective May 8, 2026.
- Mr. Savinelli, age 55, previously served as VP, Treasurer, Chief Tax Officer & Assistant Secretary.
- The Board granted Mr. Savinelli $300,000 in restricted stock units.
- Mr. Savinelli will receive a monthly cash stipend of $25,000 during his interim CFO service.
Price Impact
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