Farrokh Batliwala has been at the helm of ITT Inc. since 2020, guiding the company through dynamic changes and market challenges. With a background in engineering, he utilizes his technical expertise to drive innovation within the industrial sector. In 2023,...
Farrokh Batliwala has been at the helm of ITT Inc. since 2020, guiding the company through dynamic changes and market challenges. With a background in engineering, he utilizes his technical expertise to drive innovation within the industrial sector. In 2023, he earned a total compensation of $4.58 million, primarily from a cash bonus reflecting his strong leadership and performance, even though no stock options were granted that year. It’s interesting to note that his focus has heavily leaned towards cash compensation, showing his commitment to immediate results over long-term stock rewards. Under his leadership, the company emphasizes aligning executive pay with performance metrics, which is crucial for maintaining investor confidence. Additionally, his historical insider trading activity shows notable fluctuations, with his holdings reaching as high as $2.82 million, indicating he actively manages his stake in the company. Significantly, in 2020, he made headlines by resigning just as he was about to take over as CEO, demonstrating the unique challenges of corporate transitions. Batliwala's approach blends engineering savvy and a sharp focus on cash flow, as he steers ITT towards long-term sustainability while ensuring immediate performance.