Crane appoints Max H. Mitchell as president and COO Crane Co. announced the appointment of Max H. Mitchell as president and COO, effective immediately. Mitchell has served as executive VP and COO since May 2011, during which time Crane has delivered record operating results. All segment Group Presidents will continue to report to Mr. Mitchell.
Crane lowers FY15 ex-items EPS view to $4.10-$4.30 from $4.30-$4.50 Consensus $4.35. Management now expects FY15 core sales in a range of down 1% to up 1%, compared to its prior range of flat to up 2%.