A retired U.S. Army general has joined the board of directors of ITT Corp. of White Plains. The company, which makes pumps, night-vision goggles for the military and other high-technology products, said retired Gen. Paul J. Kern, 63, the president and chief operating officer of AM General LLC of South Bend, Ind. and senior counselor to The Cohen Group in Washington, D.C. has joined the board, giving the company 10 directors.

Summit Business Media has named Rye-resident Andrew L. Goodenough as chief executive of the Manhattan-based provider of information to the insurance, financial and professional-services markets.

Goodenough, 52, replaces William F. Reilly, who will continue to serve as non-executive chairman.

In September, Goodenough was named Summit’s president.

IBM Corp. has elected Taizo Nishimuro to the company’s board of directors, the Armonk-based company said today.

Nishimuro, 72, is chairman of the board of the Tokyo Stock Exchange Group Inc.

Nishimuro’s knowledge and insights into Asian markets will make a significant contribution to IBM, said Chairman, President and Chief Executive Officer Samuel J. Palmisano.

Tremont Capital Management in Rye, an investment manager of a fund of hedge fund portfolios, said that Robert Schulman, chairman of the parent company Tremont Group Holdings Inc., is retiring effective July 7.
Schulman’s retirement follows a 2006 succession plan under which Rupert Allan, formerly managing director of Tremont’s London office, was named president and, later chief executive officer of Tremont Group Holdings. With Schulman’s retirement, Jim Mitchell will return to Tremont’s headquarters after four years in the London office. Mitchell will report to Allan.
Schulman joined Tremont in 1994 as president and chief executive. In 2001, Schulman helped arrange Tremont’s acquisition by OppenheimerFunds. Most recently, Schulman directed Tremont’s single manager products group, Rye Investment Management.

Alcoa Inc. Chairman Alain J.P. Belda was elected to the board of directors of IBM Corp. of Armonk. Belda, 65, joins the board on July 29. He started with Alcoa in 1969 and later held various executive positions, rising to CEO in 1999. His election brings IBM’s board to 12 members.

EpiCept Corp. of Eastview said that Robert G. Savage and John V. Talley were elected to three-year terms on the board of directors at today’s annual shareholders meeting.
Shareholders also voted to expand capital stock in the company to 180 million shares, including an increase in the number of authorized shares of common stock from 75 million to 175 million.

Neal L. Sullivan, president of Sullivan Financial Group in Mahopac, has been elected chairman of the Independent Insurance Agents & Brokers of New York Inc.

As chairman, Sullivan oversees the statewide organization’s activities, serves on its executive committee and reports to its board of directors, IIABNY said.

Sullivan’s one-year term began May 9 when the association held its annual meeting at the Doral Arrowwood conference center in Rye Brook.

Sullivan has served in several capacities with IIABNY since 2003, the DeWitt, N.Y.-based trade group said.

ITT Corp. promoted vice presidents Angela Buonocore and Aris Chicles to senior vice presidents, the Harrison-based company said yesterday.

Buonocore, 50, joined ITT in 2007 and serves as chief communications officer, having come from the Pepsi Bottling Group in Somers, where she was vice president of corporate communications. Chicles, 46, hired in 2006, is ITT’s director of strategy and corporate development.

(A previous posting to this blog contained incorrect information.)