On January 8, 2014, the Board of Directors of ITT Corporation elected Steven C. Giuliano as Vice President and Chief Accounting Officer effective immediately. On such date, Thomas M. Scalera, Senior Vice President, Finance and Chief Financial Officer, ceased his service as the company's interim Chief Accounting Officer. Mr. Giuliano formerly served as Chief Financial Officer of Arch Chemicals Inc. from 2007 until its acquisition by Lonza Group Ltd. in October 2011.