ITT CFO Emmanuel Caprais Departs; Michael Savinelli Appointed Interim CFO

summarizeSummary

ITT Inc.'s CFO Emmanuel Caprais is stepping down for personal reasons, with Vice President Michael J. Savinelli appointed as interim CFO.

check_boxKey Events

• 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.

• 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.

• 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.

auto_awesomeAnalysis

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.