Crane Holdings Co., a diversified manufacturer of highly engineered industrial products, announced that Paul G. Igoe has been appointed senior vice president, general counsel and secretary of Crane NXT, a premier industrial technology business, effective March 20, 2023.
In this role, Igoe, a highly experienced general counsel in the industrial technology sector, will lead the company’s global legal, compliance and corporate governance organizations and report directly to Crane NXT’s president and chief executive officer Aaron W. Saak.
Crane NXT is scheduled to become an independent company on April 3, 2023, following completion of the previously announced separation transaction, and it is expected to trade under the symbol CXT on the New York Stock Exchange.
Saak said in the announcement, “We are delighted to welcome Paul to the very strong leadership team we have assembled at Crane NXT as we begin our next stage of growth as an independent company. Paul brings deep legal expertise as well as a breadth of industry experience that will serve us very well as we execute on our organic and inorganic growth strategy to drive value creation for our shareholders.”
Igoe added in the announcement, “Leveraging the trusted solutions Crane NXT offers to its customers and its excellent operating profile, the company is well positioned to take full advantage of long-term trends in security, detection, authentication technologies. I am excited to have the chance to work with Aaron and the team to take full advantage of the opportunities ahead and help build the company for the future.”
Prior to assuming the role at Crane NXT, Igoe served as EVP, general counsel, chief compliance officer, and secretary of Excelitas Technologies Corp., a private-equity owned manufacturer of advanced photonics solutions. He assumed that role after having spent five years as the SVP, general counsel, and secretary of SS&C Technologies, which provides software-enabled services to financial institutions. Earlier in his career, he served for three years as VP, general counsel and secretary for Lydall, Inc., a manufacturer of filtration media and thermal products, and for eight years as associate general counsel and assistant secretary at Teradyne Inc. a manufacturer of test equipment for the semi-conductor industry. Igoe had previously been a junior partner at Wilmer, Cutler, Pickering, Hale and Dorr LLP. He received his A.B. from the College of the Holy Cross and J.D. from the Georgetown University Law Center.