ITT Industries Inc., White Plains, N.Y., hired Summit Strategies as...

ITT Industries Inc., White Plains, N.Y., hired Summit Strategies as general consultant, said Dan Holmes, Summit managing director. Summit will initially focus on the implementation of the current asset allocation, he said. Theodore Economou, ITT Industries assistant treasurer, declined to comment on the hiring. The company had $3.4 billion in pension assets as of Dec. 31, according to its most recent annual report.