Sidney Taurel Resigns ITT Industries Board of Directors

03.11.2000

WHITE PLAINS, N.Y., Oct. 31 /PRNewswire/ -- ITT Industries, Inc. (NYSE: ITT) today announced that Sidney Taurel, Chairman, President and Chief Executive Officer of Eli Lilly and Company, is resigning his seat on the company's Board of Directors effective today.

International Business Machines

Corporation announced today that Mr. Taurel is joining its Board of Directors.

Mr. Taurel joined ITT Industries' Board of Directors in 1996, and was

re-elected to his current term in May 2000.

Source: ITT Inc.

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