Mr. Mahan holds a Bachelor of Science in Mechanical Engineering from Worcester Polytechnic Institute and earned his MBA from the University of Connecticut School of Business. With Mr. Mahan joining, Kurt Gallo, Senior Vice President and interim President of CPI, has made the decision to retire from the Company. Mr. Saak stated, "For the past sixteen years, Kurt has made significant contributions to the growth and success of Crane Company and the successful launch of Crane NXT.