ITT Corp.

Lieutenant General (Ret.) David F. Melcher is President of ITT Defense Electronics & Services, ITT's portfolio of businesses serving the defense and aerospace markets. He is also a corporate Vice President and a member of the company's Strategic Council. He joined ITT Defense in August 2008 as Vice President of Strategy and Business Development, where he was responsible for continuing to shape ITT Defense into an increasingly market-centric, customer-focused organization by leading domestic and international business development teams. ITT is a top 10 U.S. defense contractor providing essential defense and security systems, advanced technologies and operational services for military and civilian customers. Melcher joined ITT following 32 years of distinguished service in the United States Army. His career was highlighted by troop assignments in Infantry and Armored divisions and high-level military leadership and staff positions. He served as the Army's Military Deputy for Budget and Deputy Chief of Staff for Programs in the Pentagon, and as Commander of the Corps of Engineers — Southwestern Division in Dallas, Texas. He has more than 20 years of defense community experience in program management, strategy development and finance, working with key decision makers within the Army, Department of Defense, Office of Management and Budget, and Congress. Melcher holds a bachelor's degree in civil engineering from the U.S. Military Academy at West Point and two masters' degrees, including one in business administration from Harvard University and another in public administration from Shippensburg University. He is a former White House Fellow who currently serves on the Board of Directors of the White House Fellowship Association, and is a registered Professional Engineer in the State of New Hampshire.

Angela Buonocore is Senior Vice President and Chief Communications Officer for ITT Corporation. In this role, she is a member of the company's Strategic Council and is responsible for global brand and reputation management, public relations, employee communications, corporate advertising, community relations and corporate philanthropy. She joined ITT in March 2007 from The Pepsi Bottling Group where she served as Vice President, Corporate Communications since 2001. In this role, she was responsible for the group's public relations objectives and strategy, communication with the organization's more than 60,000 employees and charitable initiatives. Prior to her 12-year career in the PepsiCo system, Buonocore spent 11 years with IBM and five years at General Electric Company in various internal and external communications roles. Buonocore is a member of the Wisemen and the Arthur W. Page Society, both organizations of senior corporate communications executives. In 2003, she was elected a member of the Accademia Europea per le Relazioni Econimiche e Culturali, a Rome-based organization uniting prominent Italians and Italian-Americans to develop economic, cultural and humanitarian projects worldwide. Buonocore holds a Bachelor of Science degree in Advertising with High Honors from the University of Florida, is a member of the University's Public Relations Advisory Council and was honored as a Distinguished Alumna of the College of Journalism and Communications in May 2007.

Ann Davidson is Vice President of Corporate Responsibility for ITT Corporation. In this role, Davidson is a member of the company's Strategic Council and is responsible for ITT's global ethics and compliance programs, international trade compliance, environmental health, safety and security, as well as corporate policy management. Davidson joined ITT in May 2007 as Vice President and General Counsel of ITT's Defense Electronics and Services group. Shortly thereafter she was named ITT's Chief Ethics & Compliance Officer before being named to her current role and elected a corporate officer in October 2008. Prior to joining ITT, Ann held executive, legal and ethics and compliance positions at Alliant Techsystems, Honeywell, and Parker Hannifin, in addition to Thales North America. Earlier in her career, she was in private practice with a law firm and an attorney for the U.S. Department of the Navy. Davidson graduated cum laude from the University of Dayton's School of Law and received her bachelor's degree in political science from Ohio University.

Carol J. Zierhoffer is Vice President and Chief Information Officer for ITT Corporation. She is a member of the company's Strategic Council and is responsible for the planning, alignment, governance and delivery of all information technology (IT) products and services for ITT. In doing so, Zierhoffer partners across all areas of the company to ensure that IT is a key enabler of growth. Zierhoffer joined ITT in October 2008 following a 20-year career with Northrop Grumman. In her most recent role, she was Vice President and Chief Information Officer for three different Northrop Grumman sectors. While there, she led the implementation of integrated enterprise systems to eliminate disparate legacy systems, adopt common processes, leverage shared services and drive cost efficiencies. Prior to her role at Northrop Grumman, Zierhoffer held management positions in IT and financial initiatives at Fidelity Investments and AVCO Systems Textron. She is a member of CIO magazine’s Executive Council, a national collaborative network of the best and brightest CIOs. Zierhoffer has also been recognized in Forbes Magazine as “Tough, Tech-Smart, and Female - Technologies Power Women.” She is a frequent keynote speaker at major events including the CIO Executive Summit and Women in Technology's leadership awards. Zierhoffer holds a bachelor's degree in business administration from the University of New Hampshire and a master's degree in computer information systems from Bentley College in Waltham, MA.

Denise Ramos is Senior Vice President and Chief Financial Officer of ITT. She is responsible for all aspects of financial management and reporting for the global multi-industry company, as well as communication to the investment community. As a member of the company's Strategic Council, Ramos also helps set the company's strategic direction. Prior to joining ITT, Ramos was Chief Financial Officer of Furniture Brands International, where she was instrumental in designing corporate strategy. Her prior experience includes five years at Yum! Brands, Inc. in Louisville, Kentucky, where she was Senior Vice President and Corporate Treasurer for Yum! and Chief Financial Officer for KFC. She began her career at Atlantic Richfield Company (ARCO) of Los Angeles, California, where she spent 21 years in a number of increasingly responsible finance positions, including Corporate Internal Auditor and Assistant Treasurer, the position she held when the company was acquired in 2000 by British Petroleum. Ramos holds an M.B.A. in Finance from the University of Chicago.

Vincent A. Maffeo is Senior Vice President and General Counsel of ITT Corporation, and has global responsibility for all legal matters for the company. Maffeo also serves on the company's Strategic Council. Maffeo joined ITT in July 1977, and has held key Legal positions in the Company's Telecommunications, Defense and Automotive businesses, and at the European Headquarters of ITT Europe, prior to becoming General Counsel in 1995. Before joining ITT, Maffeo was an Associate with Simpson Thacher & Bartlett based in New York City. Since 1997 he has served on the Board of Directors of The Fund for Modern Courts. He is also serving on the Board of Directors of Fundación Chile and the Pro Bono Partnership. In 2004, he became a Trustee of Sacred Heart University in Conn., and serves on the Advisory Board of the Center on Lawyers and the Professional Services Industry at Harvard Law School. Maffeo graduated summa cum laude and Phi Beta Kappa from Brooklyn College of the City University of New York with a Bachelor of Arts in Political Science. In 1974, he graduated from Harvard Law School and is a member of the Bars of New York, California, Virginia and the District of Columbia, Michigan and the U.S. Supreme Court.

Aris Chicles is Senior Vice President and Director of Corporate Strategy and Corporate Development for ITT Corporation. In this role, Chicles is a member of the company's Strategic Council and is responsible for leading ITT's strategic and portfolio planning, and oversees the activities surrounding corporate development and acquisitions. Chicles joined ITT in June 2006 from American Standard, Inc. where he was Vice President, Corporate Business Development and was responsible for identifying, evaluating and executing corporate acquisitions and divestitures. Prior to this position, he had a 17-year career with Owens Corning in a series of progressively responsible positions, rising to Vice President of Corporate Development and Strategy. Chicles earned a Bachelor of Science in Business Administration from Miami University of Ohio, and an M.B.A. from the Wharton School of the University of Pennsylvania.

Scott A. Crum is Senior Vice President and Director of Human Resources for ITT. In this role he has global responsibility for human resources policy and strategy and leadership development. He also serves on the company's Strategic Council. Prior to joining ITT, Crum headed corporate human resources at General Instrument Corporation in Horsham, Pa., where he was Senior Vice President for Administration and Employee Resources. When that company was sold to Motorola in 2000, he became Corporate Vice President Human Resources for Motorola's Latin America Region and Corporate Vice President, Technical and Employee Support for the Broadband Communications Sector of Motorola. Prior to that position, Crum served in a number of human resources roles at Northrop Grumman, LTV Corporation and Dresser Industries. Crum is the past chairman of the Montgomery County Walk for Juvenile Diabetes. He also served as Vice President for the Cable and Telecommunications Human Resources Association Board of Directors. Crum holds a Bachelor of Science in Business Administration from Southern Methodist University.

Edele Hovnanian, Founder, has been making trips to the homeland once or twice a year since the late 70s, personally experiencing many of the youth oriented educational, cultural and volunteer service programs in Armenia. Her participation in such programs lead her to assume strong leadership positions within two organizations, serving currently as President of the Land and Culture Organization (LCO-USA) and Board member of its international umbrella organization, Union de Organization Terre et Culture (UIOTC) in France since 1993, as well as serving as a member of the Board of Directors with the Armenian Assembly of America since 1991, with the position of Treasurer from 1992-2002. She is currently the Senior Vice President of Operations for Hovsons, Inc. a diversified real estate development corporation in Tinton Falls, NJ, and President of Hovnanian Senior Housing Services, Inc. and Hovnanian Property Management, Inc., where she manages and oversees the operations of the health care and commercial divisions. Hovnanian holds an M.B.A. from Columbia University, and joint B.S. degrees in Finance and Civil Engineering from the University of Pennsylvania. However, it was her study abroad program at the University of Yerevan from 1982-1983 that proved to be the educational experience that was the most life changing for her. Hovnanian resides in New Jersey. Dr. Annita Nerses, Board of Directors, has been actively involved in the Armenian Community for over 15 years. Her participation in summer programs such as the Armenian Assembly internship and the Land and Culture Organization (LCO) summer campaigns during her student years helped form the foundation for her commitment to community activism. Since then, she has been serving as a Board Member of LCO, and has served as a Board Member and active participant in many other organizations, including the Armenian Students Association, ARAMAC, Friends of ANCA, and the Musical Armenia Concert Series sponsored by the Armenian Prelacy of New York. Dr. Nerses draws inspiration from over a decade of experience coordinating the LCO summer campaigns in Armenia and NKR. LCO's impact on its volunteers reinforces her belief that the depth, quality, and duration of a diasporan's experience in this young democracy have an irrevocable effect on the individual's commitment to the challenging process of nation-building. Dr. Nerses holds a Ph.D. in applied physics and currently works at ITT Industries in the Washington, DC area. She has published extensively in her field and holds several patents.

Gretchen W. McClain is President of ITT Fluid and Motion Control, ITT's portfolio of businesses serving vital markets including water and fluids management and motion and flow control. She is also a corporate Senior Vice President and a member of the company's Strategic Council. McClain joined ITT in September 2005 as the President of ITT's Residential & Commercial Water business. She was named President of ITT Fluid Technology in March 2007 and served in that role before being named to her current post in December 2008. Prior to joining ITT, McClain was Vice President and General Manager of the Business, General Aviation & Helicopters (BGH) Electronics division at Honeywell Aerospace based in Phoenix, Arizona. Prior to assuming the BGH position, she held a variety of leadership positions in Honeywell Aerospace's Engines, Systems & Services division, including Vice President for Engineering and Technology and Vice President for Program Management. She joined AlliedSignal in 1999, which later merged with Honeywell. Earlier, McClain spent nine years with NASA and served as Deputy Associate Administrator for Space Development where she played a pivotal role in the successful development and launch of the International Space Station Program. Also with NASA, she served as Chief Director for Space Station, and as a Deputy Director for Space Flight. She began her career as a structures and dynamics engineer in the commercial aerospace industry. McClain currently serves on the boards of the Hydraulic Institute, the largest association of pump producers in North America, and Faradyne, an ITT joint venture with Pentair, Inc. McClain is a graduate of the University of Utah in Salt Lake City, where she earned her bachelor's degree in mechanical engineering.

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Steven Cody is co-founder and Managing Partner of Peppercom, a mid-sized independent public relations firm with offices in New York, San Francisco and London. Peppercom specializes in the corporate, financial and technology sectors, with such clients as GE, ITT Industries, Ricoh Corporation and Steelcase. Peppercom has numerous industry awards and finished #233 on the Inc. Magazine 2001 list of fastest growing U.S. companies. Steve has authored numerous articles on branding, positioning, crisis communications and sales strategies for such publications as Advertising Age, BtoB, Silicon Valley Business Ink and PR week. He has appeared on MSNBC and CNNfn. His book, What keeps your customer awake at night?, was published by McGraw-Hill in March 2003.

As the president and chief executive officer for The Western Union Company, Christina Gold is responsible for the financial and overall operational performance of the $5.3 billion company - a worldwide leader in money transfer, bill payment and prepaid services. Based at Western Union's global headquarters in Englewood, Colorado, Gold has executive management oversight of a network of over 379,000 Agent locations in 200 countries and territories. In addition, she oversees an employee base of over 5,600 people located in 50 countries. Prior to joining First Data Corporation, the former parent company of Western Union in May 2002, Gold was president and chief executive officer of telecommunications and e-commerce services provider Excel Communications. She also had a distinguished career with Avon where she served as president, Avon North America, and was credited with a significant turnaround of the cosmetic brand's U.S. business. Ms. Gold was recognized in 2003, 2006 and 2008 by Fortune magazine as one of America's 50 Most Powerful Women in Business. Gold was named one of Forbes magazine's "100 Most Powerful Women" in 2007 and 2008. BusinessWeek also named her as one of the top 25 U.S. managers in 1996. Gold serves on the board of directors of ITT Corporation and New York Life, and is a member of the Committee Encouraging Corporate Philanthropy. Gold is a graduate of Carleton University in Ottawa. She received the Award of Distinction - Faculty of Commerce & Administration from Concordia University in Montreal. She also received the "Batisseur," an honorary degree from the Professional Business School of Montreal, in recognition of her distinguished service to the business community.

Mr. MacInnis has been Chairman of the Board and our Chief Executive Officer since April 1994. He is also a director of The Williams Companies, Inc. and ITT Inc.

Linda Sanford leads the strategy for IBM’s internal transformation to the industry’s premier on demand business. In this role, Ms. Sanford is responsible for working across IBM to transform core business processes, create an IT infrastructure to support those processes, and help create a culture that recognizes the value that on demand leadership can bring to IBM. Previously Ms. Sanford was Senior Vice President & Group Executive, IBM Storage Systems Group, where she helped take IBM from fifth place in storage market share to second in two years. Prior to assuming that position, Ms. Sanford headed IBM Global Industries, the organization that manages relationships with IBM's largest customers worldwide and is responsible for generating almost 70 percent of IBM's revenue. Before that, Ms. Sanford was General Manager of IBM's S/390 Division, which develops, manufactures and markets large-enterprise systems. During the early 1990s, she guided the S/390 Division through one of the most comprehensive product transformations the computer industry has ever seen, reinventing S/390 as an open, enterprise-level server. One of the highest-ranking women at IBM, Ms. Sanford is a member of the Women in Technology International Hall of Fame and the National Academy of Engineering. She has been named one of the 50 Most Influential Women in Business by Fortune Magazine, one of the Top Ten Innovators in the Technology Industry by Information Week Magazine, and one of the Ten Most Influential Women in Technology by Working Woman Magazine. Ms. Sanford is the chairman of The Business Council of New York State, Inc. She serves on the Board of Directors of the Partnership for New York City, ITT Industries, St. John's University, and Rensselaer Polytechnic Institute. Ms. Sanford co-authored “Let Go To Grow: Escaping the Commodity Trap” a book that details how successful companies are pursuing strategies to drive long-term growth and innovation. The book was published by Prentice Hall in December 2005. A graduate of St. John's University, Ms. Sanford earned an M.S. in Operations Research from Rensselaer Polytechnic Institute.

In November 2004, General Paul Kern concluded his more than 40-year career in the United States Army when he retired as Commanding General, Army Materiel Command (AMC). In that capacity, and earlier as Commander of the 4th Infantry Division (Mechanized), General Kern left his impact on the Army's future as he led a drive to digitize and transform its warfighting capabilities. With a staff of over 50,000 civilians and active military members, he won wide respect for his efforts to direct supply chain improvements, maintain field readiness, and modernize weapons systems throughout the Army while still controlling costs. Some of his efforts included consolidating major munitions production operations, employing radio frequency identification, and managing the supply of rebuilt equipment for the front lines, a shift critical to our ongoing operations in Iraq. In June 2004, General Kern undertook a vastly different responsibility when Secretary Rumsfeld tapped him to lead the military's internal investigation into the abuses at the Abu Ghraib prison in Iraq, a tough assignment that he handled with skill. Prior to his command at AMC, he served as the military deputy to the Assistant Secretary of the Army for Acquisition, Logistics and Technology and was the senior military advisor to the Army Acquisition Executive and the Army Chief of Staff on all research, development, and acquisition programs and related issues. He supervised the Program Executive Officer system, and served as the director of the Army Acquisition Corps.