Crane NXT Co announces appointment of new SVP of Strategy

At Crane NXT Co., a business recognized for producing a variety of goods, including those for the gaming industry, Hans Lidforss has been named Senior Vice President of Strategy. In a news announcement issued on Wednesday, the business said that Mr. Lidforss will report directly to Crane NXT’s president and CEO, Aaron Saak.

Mr. Lidforss will be in charge of developing the business’s strategy and identifying new growth opportunities in his new position. According to the news announcement, this means seeing and seizing growth venture, merger and acquisition, and partnership opportunities.

Aaron Saak stated his pleasure about having Mr. Lidforss join the team and underlined his extensive expertise developing and implementing growth plans for major worldwide enterprises. Saak spoke about how Mr. Lidforss may assist Crane NXT in reaching its $3 billion sales goal by 2028.

Mr. Lidforss joins Crane NXT after holding positions as Senior Vice President, Chief Strategy, and Corporate Development Officer at Sensata Technologies Inc. During his almost ten-year stint at Sensata, he oversaw thirteen lucrative acquisitions and devised techniques for diversifying the company’s assets. Prior to this one, he held senior roles at many technological businesses, concentrating on business growth and acquisitions.

In response, Mr. Lidforss expressed confidence in Crane NXT’s further expansion and advancement. He identified the group’s strong technical base, track record of innovation, and excellent financial status as major contributors to its development trajectory.

Crane NXT announced a 5.5 percent year-over-year growth in net sales to US$356.9 million, which came after the company declared a US$59.5 million net income attributable to shareholders for the fourth quarter of 2023.

Original story by: GGRAsia