Crane Co. Appoints New VP Operational Excellence

24.02.2004

Crane Co. announced the appointment of Max H. Mitchell, vice president-operational excellence, completing the Company's search following the promotion of its former head of operational excellence. Mr. Mitchell joins Crane Co. as a key executive and officer of the corporation.

Mr. Mitchell has extensive operations management experience with 14 years of world-class manufacturing leadership at Pentair, Danaher Corporation, and the Ford Motor Company.

Mr. Mitchell was most recently with Pentair Tools Group, from 2001 to present, where he was senior vice president of global operations. In this position Mr. Mitchell had complete cost responsibility for approximately $750 million, including manufacturing, distribution, supply-chain and customer service.

Throughout his career, Mr. Mitchell has been responsible for operational excellence by driving lean process improvement tools and six-sigma variance reduction methodology throughout all functional business areas and systems.

Prior to Pentair, Mr. Mitchell held positions of increased responsibility in operations management and finance with the Danaher Corporation for 5 years and, prior to that, with the Ford Motor Company for 7 years.

Eric C. Fast, president and chief executive officer said, "We are very pleased to have Max Mitchell joining Crane Co. Max's extensive experience and leadership in the areas of operational excellence and world-class manufacturing are complementary with our Company's ongoing focus on operational excellence and our culture of continuous improvement. I look forward to his being a key business partner in driving profitable growth."

Crane Co. is a diversified manufacturer of engineered industrial products. Crane Co. is traded on the New York Stock Exchange (NYSE:CR).

Source: Crane Co.

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