Luca Savi’s leadership journey at ITT Inc. is both inspiring and illustrative of the strategic vision that has propelled the company to the forefront of the industry. As President and CEO, Savi not only reflects on his path to leadership but also shares pivotal moments and strategic initiatives that have shaped the company’s recent successes.
Under Savi’s stewardship, ITT Motion Technologies has become a cornerstone of the company, renowned for its advanced brake components, shock absorbers, and sealing solutions. These innovations are crucial in meeting the evolving demands of the automotive and transportation sectors.
One of the highlights of ITT’s recent achievements includes an investment to expand its Termoli, Italy facility for the production of brake pads for high-performance vehicles. This expansion is a response to the increasing demand for premium vehicles, a sector that continues to grow in tandem with technological advancements.
The surge of the electric vehicle (EV) market introduces unique challenges, particularly in the realm of braking systems. Savi emphasizes that material science and rigorous research and development (R&D) are essential to address these challenges effectively. The company’s focus on R&D and customer intimacy enables ITT to adapt and innovate solutions that meet the specific needs of EVs, ensuring safety, reliability, and performance.
Additionally, Savi discusses the transfer of best practices and the development of the “MT Playbook” within ITT Motion Technologies, a strategy that is now being implemented across other business units to foster synergy and enhance overall efficiency.
Key Takeaways:
- Leadership and Growth: Luca Savi has been instrumental in guiding ITT since joining the Motion Technologies business in 2011, ascending to CEO in 2019.
- Strategic Investments: ITT’s recent expansion in Italy underscores its commitment to innovation and quality in the high-performance vehicle sector.
- Adapting to Market Shifts: The rise of the electric vehicle market demands new solutions, particularly in braking technology, which ITT addresses with advanced material science and dedicated R&D.
- Corporate Synergy: The adoption of best practices across business units exemplifies ITT’s holistic approach to innovation and operational excellence.
About ITT Inc.: ITT Inc. is a global leader in technology, manufacturing, and engineering, committed to solving critical needs across key industries. The company’s continuous improvement mindset and strong global presence, with over 100 facilities in 35 countries, ensure it remains at the cutting edge of industrial solutions. ITT’s dedication to innovation and customer partnership is reflected in its substantial workforce of 10,000 team members worldwide and significant revenues, which amounted to $3 billion in 2022. ITT is headquartered in Stamford, CT, and operates in 125 countries.
Motion Technologies Overview: The Motion Technologies division, a significant revenue generator with $1.5 billion in sales, operates in 13 countries with a dedicated workforce of 4,700. This division specializes in manufacturing high-quality brake components, specialized sealing solutions, and damping technologies primarily for the global automotive and transportation markets.
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