Aaron Saak has been appointed president and chief executive officer at Crane NXT. The announcement was made by Crane Holdings Company, which offers cash handling products and services to the casino industry, among others. Crane NXT, set to become an independent publicly traded company in April 2023, will take over Crane Holdings’ payment and merchandising technologies business. As announced in March, Crane Company will handle aerospace and electronics, process flow technologies and engineered materials. Crane NXT will oversee the payment and merchandising technologies segment.
Saak previously served as president and chief executive officer of mobility solutions at Gilbarco Veeder-Root, a subsidiary of industrial technology provider Vontier Corporation. He also spent eight years at Tyco International Plc.
James Tullis, Crane group chairman, said, “We are excited to appoint Aaron as president and CEO of Crane NXT. Aaron has a proven track record of driving innovation to accelerate long-term growth and delivering strong operational results.”
Max Mitchell, Crane Holdings president and chief executive officer, said Saak “has a long and successful record of managing large and complex enterprises. I am highly confident that his background and experience will help Crane NXT continue to execute on its extremely strong and profitable core business, while concurrently pursuing new growth opportunities.”