Crane Co. Appoints Michael Romito, President of Aerospace Group

Crane Co. (NYSE: CR), announced today that Michael Romito has joined the Company as President of the Aerospace Group. He will be located in Burbank, California.

Before joining Crane, Romito served as a consultant to several divisions of Alliant Techsystems, Inc. His responsibilities included refining the strategic plan and helping the organizations focus on commercial business development and improved customer service. Prior to working with Alliant Techsystems, Romito spent a large portion of his career with Parker Hannifin Corporation, most recently as Group Vice President, Marketing and Customer Support. During his tenure at Parker Hannifin, Romito also held the positions of Group Vice President, Customer Support; General Manager, Control Systems Division-Commercial and Controller of the Control Systems Division. Prior to joining Parker Hannifin, Romito was the Controller, Subsystems Group at Digital Equipment Corporation and also held various positions in program management, operations and accounting at TRW Incorporated.

Romito obtained a Bachelor of Science degree in Engineering Management from the United States Air Force Academy and a Masters of Business Administration from the University of California at Los Angeles (UCLA).

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.

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