Luca Savi has been the CEO of ITT Inc. since January 1, 2019, following his successful stint as President and COO. Before joining ITT, he had a solid background in industrial management, specifically at Comau, a Fiat subsidiary. He moved...
Luca Savi has been the CEO of ITT Inc. since January 1, 2019, following his successful stint as President and COO. Before joining ITT, he had a solid background in industrial management, specifically at Comau, a Fiat subsidiary. He moved up the ranks there, even leading operations in North America and China. Under his leadership, the Motion Technologies division at ITT saw significant growth, which showcases his ability to drive performance in challenging markets. Interestingly, Savi has been involved in significant international assignments, including in China, where he has been since 2015. His compensation shows a shift from being very high in 2022 at $6.84 million to a more modest amount of $1.27 million in 2023, as he aligns his incentives with company performance without any cash bonus awarded recently. On the insider trading front, Savi has been quite active, having made several trades creating millions in value over the years, showing that he has a vested interest in the company’s success.