Rand Araskog

Rand Vincent Araskog (born October 31, 1931) is an American businessman, and a former CEO of ITT Corporation. Araskog is of Scandinavian origin; his grandfather emigrated from Sweden to Minnesota.

Rand Araskog
Born
Rand Vincent Araskog

(1931-10-31) October 31, 1931
NationalityAmerican
Alma materWest Point, Harvard University
OccupationBusinessman
EmployerHoneywell, ITT Corporation
Known forCEO of ITT Corporation
Spouse(s)Jessie M. Gustafson Araskog
Childrentwo daughters and one son

Rand Araskog was elected as a valedictorian in his school and went on to West Point[1] where he studied until 1953, majoring in Soviet studies. As a result, he is fluent in Russian. Later, he studied at Harvard University.[2]

He started his career in the Pentagon and was sent to work in Europe. Upon his arrival back to U.S., he left the Pentagon and joined Honeywell in 1960 as marketing director. In 1966, he joined ITT and was promoted to CEO in 1979, succeeding Lyman C. Hamilton. Also in 1979, he succeeded Harold Geneen as the board chairman.[3][4] Araskog retired from ITT in 1998.

Araskog was named an Officer in the French Legion of Honor in 1987. He has also been awarded the Order of Merit of the Republic of Italy by the President of Italy and the Order General Bernardo O'Higgins by the president of Chile.[5] He was awarded an honorary doctorate of humane letters by Hofstra University in 1990.[6]

He is married and has three children, two daughters and one son.[7]

Currently, he is self-employed as a private investor, and also acts as principal in RVA Investments[8] and on the Board of Directors of the Palm Beach Civic Association.

Bibliography
  • Araskog, Rand V. (2000). The ITT Wars: An Insider's View of Hostile Takeovers. New York: Beard Books. ISBN 1-89312-238-7.
  • Araskog, Rand V. (1989). Dawn Raiders and White Knights: The Inside Story of a Corporation Under Siege. New York: HarperCollins. ISBN 1-853-36160-7.
  • Araskog, Rand V.; James L. Bikoff (1987). Toward the Year 2000. New York: ITT Corporation.
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References
  1. "Rand V. Araskog: Commencement Speaker". www.newswise.com.
  2. GREENWALD, JOHN (June 24, 2001). "ITT'S STRIP SHOW" – via content.time.com.
  3. Cole, Robert J. (1979-11-15). "Geneen Plans to Resign As Chairman of I.T.T." The New York Times. ISSN 0362-4331. Retrieved 2020-02-20.
  4. "ITT's Geneen Hands Helm to Araskog". Washington Post. ISSN 0190-8286. Retrieved 2020-02-20.
  5. "Directors". Palm Beach Civic Association.
  6. "Hofstra University awards honorary degrees to distinguished individuals". Archived from the original on December 14, 2013.
  7. Clarke, Gerald. "Scott Snyder Designs a Shingle-Style Residence in Southampton". Architectural Digest.
  8. Cablevision systems Executive Profile


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