US-based technologies firm Crane Holdings Co has announced Paul G Igoe as Senior Vice President, General Counsel, and Secretary of Crane NXT – the company’s Payment and Merchandising Technologies business due to be spun-off into a separate entity next month. The segment, which includes currency validation firm Crane Payment Innovations (CPI), provides payment technology to the global gaming industry.
Crane said in a Wednesday morning (Asia time) announcement that Igoe would assume his new role from 20 March 2023, leading the company’s global legal, compliance and corporate governance organizations.
“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,” said Crane NXT’s President and CEO, Aaron W Saak.
“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 previously served as EVP, General Counsel, Chief Compliance Officer and Secretary of Excelitas Technologies Corp., a private-equity owned manufacturer of advanced photonics solutions. He also spent five years as the SVP, General Counsel and Secretary of SS&C Technologies, which provides software-enabled services to financial institutions, and prior to that served three years as VP, General Counsel and Secretary for Lydall, Inc, a manufacturer of filtration media and thermal products.
According to Wednesday’s announcement, Crane NXT is on track to become an independent company on 3 April 3 following completion of a previously announced separation transaction.
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