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Kris Salovaara Appointed VP, Business Development

Dépèche transmise le 16 mai 2011 par Business Wire

Kris Salovaara Appointed VP, Business Development

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, today announced the appointment of Kris Salovaara as Vice President, Business Development. He will be responsible for management of the overall mergers and acquisitions process including identification, evaluation, analysis, negotiation, due diligence and company integration activities.

Mr. Salovaara has 25 years of experience in banking and business development. Most recently he was a Managing Director at FBR Capital Markets & Co. and was responsible for originating and executing a full array of investment banking services across a wide range of business segments including industrial, educational services, media, transportation, financial services and real estate.

His previous investment banking experience included senior leadership roles at Goldman, Sachs & Co. as Vice President, Corporate Finance and Vice President, Transportation Group; Bear, Stearns & Co. as Managing Director for the Media Banking Group and the Telecom Banking Group; Helander Partners LLC and Watch Hill Partners LLC.

Mr. Salovaara received a Master of Business Administration degree from the Darden Graduate School of Business at the University of Virginia and a Bachelor of Arts in Political Science from Duke University.

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, Engineered Materials, Merchandising Systems, Fluid Handling, and Controls. Crane has approximately 11,000 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.