Crane Currency appointed a new Board member

Crane Currency, a global producer of currency products, appointed Doug Prince, Chief Financial Officer to the company’s Board of Directors,  effective May 11, 2017.

Doug Prince joined Crane Currency in 2013 with over 30 years of experience in global finance and operations. Prior to Crane, he was the Chief Financial Officer at Northern Power Systems and at MDS, a USD 1.2 billion revenue NYSE company. Mr. Prince has held executive roles at PerkinElmer, Allied Signal, and General Electric.

Stephen P. DeFalco, Chief Executive Officer of Crane Currency, commented:

“Doug’s extensive financial and operational experience has been instrumental in supporting the rapid growth of the company. His expertise in corporate finance has been a critical asset for the company as it has refinanced its debt, funded our expansion into Malta, and worked to improve the business acumen across the company. Doug’s diverse experience and proven business know-how brings a valuable perspective to our board.”

Earlier Crane Currency announced plans to build a new banknote printing facility and customer experience center in Hal Far industrial area of Malta.

About Crane Currency:

The company is a fully integrated supplier of secure, durable and well-designed banknotes for central banks all over the world. A pioneer in advanced micro-optics technology, Crane Currency offers an endless series of engaging visual effects on a banknote to increase the level of security and public trust. With its heritage in the USA and Sweden for over 200 years, Crane Currency is today a global company and a trusted partner of more than 50 central banks.

Source: Woodbizforum