Steven R. Loranger Elected to FedEx Corp. Board of Directors
Posted on: Monday, 25 September 2006, 18:00 CDT
WHITE PLAINS, N.Y., Sept. 25 /PRNewswire/ -- ITT Corporation today announced that Steven R. Loranger, the company's Chairman, President and Chief Executive Officer, was elected to the FedEx Corp. Board of Directors for a one-year term.
"I am pleased to be joining the FedEx Board of Directors," said Steven R. Loranger, Chairman, President and Chief Executive Officer of ITT Corporation. "I have always admired the company's focus on ethical and professional standards, as well as its strategic deployment of technology, and its commitment to employees, customers and the communities it serves. I look forward to working with my fellow board members on behalf of this outstanding company."
As part of the FedEx Board, Loranger, 54, will participate as a member of the company's Audit committee. Loranger also serves on the boards of the National Air and Space Museum and the Congressional Medal of Honor Foundation.
FedEx is a $33 billion company that provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. Headquartered in Memphis, Tenn., FedEx employs more than 275,000 employees and contractors around the world.
About ITT Corporation
ITT Corporation (http://www.itt.com/) supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids; defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. Headquartered in White Plains, NY, the company generated $7.4 billion in 2005 sales.
ITT Corporation
CONTACT: Sara Whitman, +1-212-931-6121, swhitman@peppercom.com
Web site: http://www.itt.com/
Source: PRNewswire
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