Carlyle adds ex-ITT head as special advisor

The global private equity powerhouse has named Louis Giuliano, former head of ITT Industries, as an advisor in the aerospace, defense, industrial and auto sectors.

The Carlyle Group has named Louis Giuliano, former chairman, president and chief executive officer of ITT Industries, as a senior advisor.

Giuliano, who begins his role at Carlyle immediately, will advise the firm on its investments in the aerospace and defense, industrial and automotive sectors, according to a press release.

Giuliano led ITT, with a market cap of $8.7 billion, from 2001 to 2004. He was chief operating officer from 1998 to 2000. Among his initiatives was a “six sigma” drive, modeled on General Electric’s famous quality control standard. Prior to that Giuliano was CEO of ITT’s defense and electronics business for eight years.

In recent years, Carlyle has added former corporate titans to its team of professionals and advisors while letting former politicians slowly step down. In 2003, former IBM chairman Louis Gerstner became Carlyle’s chairman.  Former British Prime Minister John Major and former US secretary of state James Baker are among the ex-politicos to have recently left Carlyle after having served advisory roles.