Crane announces Paul Igoe appointed General Counsel of Crane NXT

Crane Holdings (CR) announced that Paul G. Igoe has been appointed Senior Vice President, General Counsel, and Secretary of Crane NXT, a premier Industrial Technology business, effective March 20. In this role, Mr. Igoe, a highly experienced general counsel in the industrial technology sector, will lead the Company’s global legal, compliance, and corporate governance organizations and report directly to Crane NXT’s President and Chief Executive Officer Aaron W. Saak. Crane NXT is scheduled to become an independent company on April 3, , following completion of the previously announced separation transaction, and it is expected to trade under the symbol "CXT" on the New York Stock Exchange. Mr. Igoe said, "Leveraging the trusted solutions Crane NXT offers to its customers and its excellent operating profile, the company is well positioned to take full advantage of long-term trends in security, detection, authentication technologies. I am excited to have the chance to work with Aaron and the team to take full advantage of the opportunities ahead and help build the company for the future." On March 8 Crane Holdings announced the timing and additional details regarding its previously announced separation into two independent, publicly traded companies. The separation is expected to occur through a tax-free distribution of the Aerospace & Electronics, Process Flow Technologies, and Engineered Materials businesses to the Company’s shareholders. Crane Holdings will retain the Payment & Merchandising Technologies businesses and will be renamed Crane NXT (CXT) immediately following the separation.