ITT CFO Emmanuel Caprais Departs; Michael Savinelli Appointed Interim CFO
ITT sits 55% above its 52-week low of $140.43.
Summary
ITT Inc.'s CFO Emmanuel Caprais is stepping down for personal reasons, with Vice President Michael J. Savinelli appointed as interim CFO.
Key Events · Executive and Board Changes · ITT
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Chief Financial Officer Departs
Emmanuel Caprais will leave his role as CFO for personal reasons, effective May 8, 2026, after nearly 14 years of service. He will remain as a business advisor through July 1, 2026, to ensure a smooth transition.
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Interim CFO Appointed
Michael J. Savinelli, current Vice President, Treasurer, Chief Tax Officer & Assistant Secretary, will serve as interim Chief Financial Officer, effective May 8, 2026.
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Interim CFO Compensation
Mr. Savinelli will receive a $300,000 restricted stock unit grant and a monthly cash stipend of $25,000 during his tenure as interim CFO.
Analysis · ITT · Technology
ITT Inc. announced the departure of its Chief Financial Officer, Emmanuel Caprais, for personal reasons. While the company stated there were no disagreements, the change in a key executive role is a notable event. Michael J. Savinelli, a long-standing internal finance leader, has been appointed as interim CFO, providing continuity during the search for a permanent successor. The company has put a transition plan in place, with Mr. Caprais serving as an advisor for a period.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ITT was trading at $217.63 on NYSE in the Technology sector, with a market capitalization of approximately $19.4B. The 52-week trading range was $140.43 to $225.26. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.