ITT Industries is eliminating 3,400 jobs and closing five plants.
Her father retired as the director of employee benefits at ITT Industries, the engineering and manufacturing company, in White Plains.
In addition, ITT Industries will assume $119 million of Goulds's debt.
From 1979 until 1981 he was responsible for social, legal and fiscal affairs with ITT Industries in Belgium.
ITT Industries has laid off 1,200 workers at a windshield wiper factory in Rochester.
The remaining 40 acres is home to a 950,000-square-foot building the avionics division of ITT Industries has leased back from Related until 2002.
Mr. Labrecque was also named a senior vice president of ITT Industries.
Three years earlier, the company's manufacturing arm split off, becoming the independent ITT Industries, based in White Plains.
Those who kept ITT Industries, which makes automotive and military products, got only 4 percent (while the stock market was soaring).
In other worrisome news, ITT Industries, the world's largest maker of pumps, announced plans to cut its work force in a move to stabilize profits.