ITT CFO Emmanuel Caprais Departs; Michael Savinelli Appointed Interim CFO
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
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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 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.
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.