Crane Co. Elects New Director
STAMFORD, Conn.--(BUSINESS WIRE)--
Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered
industrial products, announced that its Board of Directors has elected
Charles G. McClure, Jr. as a Director of Crane Co.
Mr. McClure is Managing Partner of Michigan Capital Advisors, a private
equity firm he co-founded in 2014, which invests in Tier 2 and 3 global
automotive and transportation suppliers. Prior to founding Michigan
Capital Advisors, Mr. McClure served from 2004 to 2013 as Chairman of
the Board, CEO and President of Meritor, Inc., a leading global supplier
of drivetrain, mobility, braking and aftermarket solutions for
commercial vehicle and industrial markets. From 2001 to 2004 he was CEO,
President and member of the Board of Federal Mogul Corp. He currently
sits on the Boards of DTE Energy, 3D Systems and Penske Corporation.
R. S. Evans, Chairman of the Board, said: "Chip McClure's many years of
experience in the industrial sphere, his expertise in corporate strategy
and manufacturing operations, and his proven leadership skills will make
him a valuable addition to our Board of Directors. I am delighted to
welcome him to the Board."
Crane Co. is a diversified manufacturer of highly engineered industrial
products. Founded in 1855, Crane provides products and solutions to
customers in the hydrocarbon processing, petrochemical, chemical, power
generation, unattended payment, automated merchandising, aerospace,
electronics, transportation and other markets. The Company has four
business segments: Fluid Handling, Payment & Merchandising Technologies,
Aerospace & Electronics and Engineered Materials. Crane has
approximately 11,000 employees in the Americas, Europe, the Middle East,
Asia and Australia. Crane Co. is traded on the New York Stock Exchange
(NYSE:CR). For more information, visit www.craneco.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170424006527/en/
Jason D. Feldman
Director, Investor Relations
Source: Crane Co.
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