Crane Co. Announces New President of Composites Group

07.05.2007

Crane Co. announced that Thomas J. (Jeff) Craney has been named President, Crane Composites Group. He joins Crane Co. following a broad career with Owens Corning and brings to Crane Composites domestic and international experience in sales, marketing, operations and general management.

Mr. Craney held progressively responsible positions in Owens Corning’s Operations, Sales and Customer Service organizations. He was Vice President and General Manager of the $500 million Commercial and Industrial Insulation business. Most recently, he led the $1.9 billion North American Building Materials sales team as Vice President of Sales. Mr. Craney has a Bachelor of Science degree in Business Administration from Indiana State University, Terre Haute, Indiana.

“Jeff brings to Crane a solid track record of success in leading businesses focused on serving customer needs for commercial and industrial materials,” said Crane Co. president and chief executive officer, Eric C. Fast.

Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has five business segments: Aerospace & Electronics, Fluid Handling, Engineered Materials, Merchandising Systems, and Controls. Crane has approximately 12,000 employees in North America, South America, Europe, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com

Source: Crane Co.

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