FOR IMMEDIATE RELEASE
Loyola University Chicago Family Business Center Appoints New Executive in Residence
Recently Retired CEO of Crane & Co. Named to Post
CHICAGO, November 19, 2007 –Loyola University Chicago’s Family Business Center announced today that it has appointed Lansing Crane, retired CEO of Crane & Co., to the position of Executive in Residence.
In his new position, Crane will bring his knowledge and experience with leading a successful family business to members of Loyola’s Family Business Center through appearances at scheduled retreats and leadership institutes. Crane will also serve as the keynote speaker for the center’s fourth annual conference of the Family Business Network USA, in April 2008.
During his tenure with Crane & Co., a term that included 11 years as CEO, 13 years as chairman, and 20 years as a member of the board of directors, Crane played a major role in transitioning the company from a New England manufacturer of niche products to a diversified, global company. Equally as important, in doing so, he was able to retain the values and culture of a unique legacy company.
Prior to his time at Crane & Co., Lansing Crane, a sixth generation descendant of the founder of the company, practiced law in New Haven, Connecticut and taught in the Yale School of Medicine.
About Crane & Co.
Founded in 1800, Crane & Co., a premium manufacturer of fine paper products, is now in its seventh generation of family ownership, with roots dating back before the American Revolution. For more than 200 years, Crane has established a reputation for quality, innovation, and integrity. The Crane watermark symbolizes the pride and personal touch of the papermaker, and provides visible evidence of uncompromising quality. Crane & Co. has made paper for United States currency since 1879, and other divisions of the company manufacture paper-like materials for a variety of other products, including everything from the Dodge Viper to orbiting satellites. For more information about the company, please visit www.crane.com.
About Loyola University Chicago Family Business Center
The Loyola University Chicago Family Business Center, an internationally recognized pioneer and leader in family business program development and research, serves as a resource to family businesses in the Chicago region and throughout the nation. The center’s research projects have focused on issues such as family business leadership, the communication patterns of business-owning families, the role of trusts and trustees in family firms, the performance of family businesses compared with non-family managed counterparts, and demographic profiles of family businesses throughout the United States. The center has also been recognized by the New York Times and Fortune Small Business magazine as one of the top educational institutions for family business. For more information, please visit LUC.edu/fbc.
About Loyola University Chicago
Committed to preparing people to lead extraordinary lives, Loyola University Chicago was founded in 1870 and is the nation’s largest Jesuit, Catholic University. Loyola has a total enrollment of more than 15,500 students, which includes nearly 10,000 undergraduates hailing from all 50 states and 82 foreign countries. The University has four campuses: three in the greater Chicago area and one in Rome, Italy. Loyola also serves as the U.S. host university to the Beijing Center for Chinese Studies in Beijing, China. Loyola’s nine schools and colleges include arts and sciences, business administration, education, graduate studies, law, medicine, nursing, continuing and professional studies, and social work. Loyola offers 71 undergraduate majors, 71 undergraduate minors, 85 master’s degrees, and 31 doctoral degrees. Recognizing Loyola’s excellence in education, U.S. News & World Report has ranked Loyola consistently among the “top national universities,” and named the University a “best value” in its 2008 rankings. For more information, please visit our Web site at LUC.edu.