On May 7, 2026, ITT filed an 8-K disclosing that Chief Financial Officer Emmanuel Caprais will leave the company effective May 8, 2026, after nearly 14 years. ITT also disclosed that Michael J. Savinelli, currently Vice President, Treasurer, Chief Tax Officer & Assistant Secretary, will become interim CFO effective May 8, 2026 while the company conducts a search for a permanent successor.

A same-day CFO departure can be a near-term trading catalyst because it introduces uncertainty around financial leadership, reporting cadence, and investor communications—especially close to earnings-related disclosures. ITT explicitly stated the departure is for personal reasons and not the result of any disagreement over operations, policies, or practices, and noted Caprais will remain as a business advisor through July 1, 2026 to support the transition.

Investors will likely watch for the timeline and process for selecting a permanent CFO, any additional disclosures about interim leadership responsibilities, and whether the transition affects financial guidance, integration work tied to recent acquisitions, or capital allocation priorities. ITT also disclosed interim CFO compensation elements, including a restricted stock unit grant and a monthly cash stipend during interim service.