ITT Corp Announces Gretchen McClain to be Chief Executive Officer of Xylem and Names New Boards for Xylem and ITT Exelis

ITT Corporation (NYSE: ITT) announced the members of the boards of directors for Xylem Inc. (NYSE: XYL) and Exelis Inc. (NYSE: XLS), the two new publicly traded companies resulting from the previously announced separation of ITT to occur October 31, 2011. The following women were included: Xylem Board will include Gretchen W. McClain (pictured), who will be Chief Executive Officer and President of Xylem (Gretchen is now a senior vice president of ITT and president, ITT Fluid and Motion Control), and Victoria D. Harker, who is chief financial officer and president of global business services, AES Corporation. ITT Exelis Board will include Christina A. Gold, who is the former chief executive officer of The Western Union Company, and an ITT director since 1997, and Billie I. Williamson, who is an Audit Partner and the Americas Inclusiveness Officer with Ernst & Young. Read more in the Business Wire press release.