Kris Salovaara Appointed VP, Business Development
May 16 2011 - 9:00AM
Business Wire
Crane Co. (NYSE: CR), a diversified manufacturer of highly
engineered industrial products, today announced the appointment of
Kris Salovaara as Vice President, Business Development. He will be
responsible for management of the overall mergers and acquisitions
process including identification, evaluation, analysis,
negotiation, due diligence and company integration activities.
Mr. Salovaara has 25 years of experience in banking and business
development. Most recently he was a Managing Director at FBR
Capital Markets & Co. and was responsible for originating and
executing a full array of investment banking services across a wide
range of business segments including industrial, educational
services, media, transportation, financial services and real
estate.
His previous investment banking experience included senior
leadership roles at Goldman, Sachs & Co. as Vice President,
Corporate Finance and Vice President, Transportation Group; Bear,
Stearns & Co. as Managing Director for the Media Banking Group
and the Telecom Banking Group; Helander Partners LLC and Watch Hill
Partners LLC.
Mr. Salovaara received a Master of Business Administration
degree from the Darden Graduate School of Business at the
University of Virginia and a Bachelor of Arts in Political Science
from Duke University.
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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