Crane NXT Appoints Jeong Kim to Board of Directors Effective October 29

Crane NXT Co has appointed Jeong Kim to its board of directors with effect from October 29. The provider of payment technology and security solutions to the casino industry announced the move on Wednesday.

Jeong Kim brings decades of experience in advanced technologies, communications, engineering and international business. He currently serves as executive chairman and co-founder of Kiswe Mobile Inc, which specialises in interactive video streaming solutions. He previously served as president of Bell Labs.

Jeong Kim’s Board Service and Leadership Perspective

Jeong Kim has served on several corporate, university and non-profit boards, including that of Samsung Electronics Co Ltd. As reported by GGRAsia, Crane NXT chairman John Stroup said Kim had an “exceptional record of building advanced technologies and bringing them to market.” Stroup added: “His experience translating technical expertise into commercial success will bring valuable perspective to our board as we continue to strengthen our market leadership, expand our portfolio and create long-term value for shareholders.”

Kim said he looked forward to working with Crane NXT’s board and management as the company pursued long-term growth opportunities.

Crane NXT Portfolio and Second-Quarter Results

Crane NXT supplies authentication, payment and security technologies across multiple industries, including casino gaming. Its portfolio includes Crane Payment Innovations, which provides payment acceptance and processing solutions such as bill validators and cash-handling systems used in gaming machines.

The company’s second-quarter net income rose 42.2 percent year-on-year to US$35.4 million on net sales of US$493.2 million, up 22.0 percent from a year earlier.

Reporting: GGRAsia

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