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Crane Co. Elects New Director

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Rhea-AI Summary

Crane Co. (NYSE: CR) announces the election of John S. Stroup to its Board of Directors. Stroup has extensive experience in industrial manufacturing, having served as Executive Chairman of Belden Inc. since May 2020, and previously led the company as President and CEO. He has also held leadership roles at Danaher Corporation and Rockwell Automation. Chairman James L.L. Tullis believes Stroup's expertise in business strategy and leadership will significantly benefit the company's governance.

Positive
  • John Stroup's extensive experience in industrial manufacturing could bring valuable perspectives to Crane Co.'s strategy.
  • Stroup's previous leadership roles may enhance the company's governance and operational performance.
Negative
  • None.

STAMFORD, Conn.--()--Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, announced that its Board of Directors has elected John S. Stroup, as a Director of Crane Co.

Since May 2020, Mr. Stroup has served as the Executive Chairman of Belden Inc., a global leader in signal transmission and security solutions. Prior to his current role, Mr. Stroup served as Belden’s President, Chief Executive Officer and member of its board of directors from 2005, and was chairman of Belden’s board of directors from 2016. Prior to Belden, Mr. Stroup held leadership positions with Danaher Corporation, Scientific Technologies Inc., and Rockwell Automation, Inc. In addition to Belden, Mr. Stroup currently sits on the boards of directors of Tenneco Inc. and Rexnord Corporation.

James L.L. Tullis, Chairman of the Board, said: “John Stroup’s many years of experience in industrial manufacturing of highly engineered products, his expertise in business strategy development, 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 Co. provides products and solutions to customers in the chemicals, oil & gas, power, automated payment solutions, banknote design and production and aerospace & defense markets, along with a wide range of general industrial and consumer related end markets. The Company has four business segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics and Engineered Materials. Crane Co. 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.

Contacts

Jason D. Feldman
Vice President, Investor Relations
203-363-7329
www.craneco.com

FAQ

What recent management change occurred at Crane Co. (CR)?

Crane Co. elected John S. Stroup as a Director on its Board.

What experience does John S. Stroup bring to Crane Co. (CR)?

Stroup has significant experience from his prior roles at Belden Inc., Danaher Corporation, and Rockwell Automation.

When did John S. Stroup start his role as Executive Chairman of Belden Inc.?

Stroup has served as Executive Chairman of Belden Inc. since May 2020.

How might John S. Stroup's election impact Crane Co. (CR)?

His extensive background in business strategy and industrial manufacturing is expected to enhance the company's governance.

Crane Company

NYSE:CR

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9.17B
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Specialty Industrial Machinery
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