Crane Co. Announces Changes In The Finance Organization
Crane Co., a diversified manufacturer of highly engineered industrial products, announced today that vice president, chief financial officer Timothy J. MacCarrick has resigned to pursue another business opportunity.
The Company announced that Richard A. Maue, 40, who has served as vice president, controller since August 2007 and is the Company's designated principal accounting officer, will assume additional responsibilities with respect to tax and environmental matters. The Company also announced that Andrew L. Krawitt, 44, who has served as vice president, treasurer of Crane Co. since September 2006, has been designated the principal financial officer of the Company and will assume additional responsibilities with respect to investor relations and internal audit. These two officers will jointly manage finance for Crane Co. and report directly to Eric C. Fast, president and chief executive officer.
"I am extremely pleased we have two leaders who possess the skills and talents that enable us to move forward with strong leadership in the finance organization ," said Mr. Fast. "We have worked together for three years and I have very high regard for their capabilities."
"I am extremely pleased we have two leaders who possess the skills and talents that enable us to move forward with strong leadership in the finance organization ," said Mr. Fast. "We have worked together for three years and I have very high regard for their capabilities."
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