Crane Co. announced that Eric C. Fast, CEO, will retire from Crane Co. in January 2014. Mr. Fast joined Crane in 1999 as President and COO and was promoted to CEO in January 2001. He will be succeeded by Max H. Mitchell, currently President and COO. Mr. Mitchell, 49, joined Crane in 2004 as Vice President of Operational Excellence, was promoted to President of Fluid Handling in 2005, became Executive Vice President and COO in May 2011, and was appointed President of Crane Co. in January 2013.
Fast will remain a member of the Board of Directors until January 2014, and Mr. Mitchell will replace him on the Board at that time.