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Valve Manufacturing

Crane Co. Announces Management Changes

Crane Co. announced the appointment of Max H. Mitchell as president and COO, effective immediately. Mr. Mitchell, 49, has served as executive vice president and COO since May 2011, during which time Crane has delivered record operating results. All segment group presidents will continue to report to Mr. Mitchell.

Crane Co. also announced that Andrew L. Krawitt has decided to leave the company in May 2013 in order to pursue a doctorate in mathematics. Mr. Krawitt has served as vice president and treasurer of Crane Co. since September 2006, and was designated the company's principal financial officer in May 2010.

In conjunction with Mr. Krawitt's intended departure, Crane announced the appointment of Richard A. Maue as vice president-finance and CFO, effective immediately. Mr. Maue, 42, who joined Crane in August 2007 as vice president and controller and principal accounting officer, has also been designated as the company's principal financial officer, effective immediately.

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