Crane NXT appoints Michael Mahan as President of CPI; Kurt Gallo to retire in Feb 2025

Crane NXT, Co.

Michael Mahan appointed President of Crane Payment Innovations (CPI) effective July 8, 2024, reporting to CEO Aaron Saak.
Kurt Gallo, SVP and interim President of CPI, announced retirement effective February 28, 2025, to ensure smooth transition.
Mahan previously led Schneider Electric's multi-billion dollar Transactional & Edge Line of Business, driving sales growth.
Gallo contributed 16 years to Crane, including acquisitions of MEI and Crane Currency and operational leadership.

item 5.02 item 9.01

Executive movements

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Appointed

Michael Mahan

President of Crane Payment Innovations (CPI)

CXT · Crane NXT, Co.

Effective: 2024-07-08
Filed: June 20, 2024, 7:59 PM ET

it has appointed Michael Mahan as President of its Crane Payment Innovations (CPI) business, effective July 8, 2024.

Departed

Kurt Gallo

Senior Vice President and interim President of CPI

CXT · Crane NXT, Co.

Effective: 2025-02-28
Successor: Michael Mahan
Filed: June 20, 2024, 7:59 PM ET

Kurt Gallo, Senior Vice President and interim President of CPI, informed the Company of his decision to retire from the Company. His retirement will be effective February 28, 2025

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Mahan was appointed as President of Crane Payment Innovations (CPI) at Crane NXT, Co..

Action: appointed
Role: President of Crane Payment Innovations (CPI)

Exact text from the filing

it has appointed Michael Mahan as President of its Crane Payment Innovations (CPI) business, effective July 8, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kurt Gallo retired as Senior Vice President and interim President of CPI at Crane NXT, Co..

Action: retired
Role: Senior Vice President and interim President of CPI

Exact text from the filing

Kurt Gallo, Senior Vice President and interim President of CPI, informed the Company of his decision to retire from the Company. His retirement will be effective February 28, 2025

View on SEC.gov

Crane NXT, Co. filing history →

Source: SEC EDGAR

accession 0000025445-24-000084

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