Markos Tambakeras to be Chairman of ITT Water Business Spin-Off Xylem

ITT Corp. (NYSE: ITT) has announced Markos Tambakeras will serve as non-executive chairman of the board of Xylem, the company which ITT’s water technology businesses will spin off into.

Tambakeras is the former chairman, president and CEO of Kennametal, Inc. and has been a member of ITT’s board of directors since 2001.

Steve Loranger, ITT’s chairman, president and CEO, will be chairman emeritus of Xylem’s board of directors and will also serve on ITT Exelis’ board. ITT Exelis will consist of ITT’s  defense and information solutions segment.

You may also be interested in...

research and development

$105M DOE R&D Funding Opportunity Opens for Small Businesses

The Department of Energy plans to award $105M in total research and development grants for the second phase of its fiscal 2021 Small Business Innovation Research and Small Business Technology Transfer initiatives.

Kevin Kelly advisory board member Enlightenment Capital

Former CACI Exec Kevin Kelly Joins Enlightenment Capital Advisory Board

Kevin Kelly, former president of the national security and innovative solutions sector at CACI International (NYSE: CACI), has been named an advisory board member at investment firm Enlightenment Capital. He brings more than 25 years of government services industry experience to the board and will support Enlightenment's portfolio companies in national security business growth efforts, the company said Monday.