Angela Buonocore has been orchestrating communications for ITT Corporation's 40,000-plus employees globally since joining in 2007 from PepsiCo. As part of the leadership team, she is maneuvering through a transforming event for the company, which reported 2010 revenue of $11 billion and income of $654 million.

At the start of the year, the 90-year-old corporation announced plans to create three independent publicly traded companies defined around its existing business units of defense technology and information; the transport, treatment, and testing ...