Crane Company (NYSE: CR) completed its CEO succession plan on April 27, 2026, with Alex Alcala assuming the role of President and Chief Executive Officer. Max Mitchell transitioned to Executive Chairman as previously announced.

Alcala brings 13 years of experience within Crane Company to the position. During his tenure, he participated in shaping the company's strategy and portfolio management.

"I am honored to step into this role and grateful to the Board for its confidence," Alcala said in a statement. "I look forward to continuing to execute on our priorities, serving our customers, supporting our associates, and delivering long‑term value creation for our shareholders."

Mitchell commented on the transition, stating: "It has been an honor and privilege to lead Crane and this incredible organization. The transition has been seamless as expected and Crane is in excellent position for our future under Alex's leadership."

Crane Company manufactures engineered components for aerospace, defense, space and process industry applications. The company operates through two platforms: Aerospace & Advanced Technologies and Process Flow Technologies. Founded in 1855, Crane employs approximately 9,000 people across the Americas, Europe, the Middle East, Asia and Australia.

The information was disclosed in a company press release.