Crane announces CEO succession plan

CEO Max Mitchell states: “I am pleased to announce that as part of the well-planned and long-signaled succession process the Board of Directors and I have had underway, Alex Alcala, Crane’s (CR) current Executive Vice President and Chief Operating Officer, has been appointed President & Chief Executive Officer, effective as of the Company’s annual shareholder meeting on April 27, 2026, at which point he is also expected to join the Board of Directors. Having worked side-by-side with Alex for more than a decade, I cannot think of anyone better suited to continue Crane’s strong forward momentum. His operational expertise, ability to develop and execute complex strategic initiatives, and commitment to championing our high-performance culture have been instrumental in creating the market leader that Crane is today. I am confident in Alex’s ability to continue to build on and accelerate the Company’s success. I look forward to staying on as Executive Chairman to advise and support Alex and the team on continued strategic growth as we move forward.”