Rand Vincent Araskog (born October 31, 1931) is a prominent U.S. businessman and an ex-CEO of ITT Corporation. Araskog is of Scandinavian origin; his grandfather emigrated from Sweden to Minnesota. Rand Araskog was elected as a valedictorian in his school and went on to West Point where he studied until 1953, majoring in Soviet studies, as a result, he is fluent in Russian. Later, he studied at Harvard University. Currently, he is a self-employed as a private investor as principal in RVA Investments and on the Board of Directors of the Palm Beach Civic Association.