Thomas Named as President of ITT Corp.

ITT Corp. has named DeRoy C. Thomas as president and chief operating officer, replacing Edmund M. Carpenter, who resigned.

Carpenter, also chief operating officer of ITT Industrial Products, will pursue other business interests, ITT said. Thomas will take on all of Carpenter’s former responsibilities.

Thomas was corporate vice chairman and chief operating officer for ITT’s diversified services companies, and has reported directly to Chief Executive Rand Araskog since 1984.

ITT said Thomas, who currently directs $13.5 billion of ITT sales and revenues in ITT insurance, Sheraton hotels, communications information services, ITT Rayonier and ITT financial services, will assume similar responsibility for ITT’s automotive, fluid technology and electronic component businesses.

ITT said its defense operations, based in Washington, will continue to report directly to Araskog.