Crown Announces Leadership Change
Crown Electrokinetics (OTC: CRKN) announced the resignation of Andrew "Andy" Mayer, President of Construction, effective March 25, 2025. CEO Doug Croxall acknowledged Mayer's departure and affirmed the company's continued focus on its diverse business segments.
The company maintains operations across multiple divisions including Smart Windows, Fiber Optics, Water Service Lines, and Water Intake Solutions. Crown plans to provide future updates regarding the leadership structure and progress of its Construction division.
Crown Electrokinetics (OTC: CRKN) ha annunciato le dimissioni di Andrew "Andy" Mayer, Presidente della Costruzione, a partire dal 25 marzo 2025. Il CEO Doug Croxall ha riconosciuto la partenza di Mayer e ha confermato il continuo impegno dell'azienda nei suoi diversi segmenti di attività.
L'azienda mantiene operazioni in più divisioni, tra cui Finestre Intelligenti, Fibra Ottica, Linee di Servizio Idrico e Soluzioni per l'Immissione dell'Acqua. Crown prevede di fornire aggiornamenti futuri riguardo alla struttura dirigenziale e ai progressi della sua divisione Costruzione.
Crown Electrokinetics (OTC: CRKN) anunció la renuncia de Andrew "Andy" Mayer, Presidente de Construcción, con efecto a partir del 25 de marzo de 2025. El CEO Doug Croxall reconoció la partida de Mayer y reafirmó el enfoque continuo de la empresa en sus diversos segmentos de negocio.
La empresa mantiene operaciones en múltiples divisiones, incluyendo Ventanas Inteligentes, Fibra Óptica, Líneas de Servicio de Agua y Soluciones de Captación de Agua. Crown planea proporcionar actualizaciones futuras sobre la estructura de liderazgo y el progreso de su división de Construcción.
Crown Electrokinetics (OTC: CRKN)는 2025년 3월 25일부로 건설 부문 사장인 Andrew "Andy" Mayer의 사임을 발표했습니다. CEO Doug Croxall은 Mayer의 퇴임을 인정하며 회사가 다양한 사업 부문에 지속적으로 집중하고 있음을 확인했습니다.
회사는 스마트 창문, 광섬유, 수도 서비스 라인, 수돗물 유입 솔루션 등 여러 부문에서 운영을 유지하고 있습니다. Crown은 향후 리더십 구조와 건설 부문의 진행 상황에 대한 업데이트를 제공할 계획입니다.
Crown Electrokinetics (OTC: CRKN) a annoncé la démission d'Andrew "Andy" Mayer, Président de la Construction, à compter du 25 mars 2025. Le PDG Doug Croxall a reconnu le départ de Mayer et a affirmé l'engagement continu de l'entreprise envers ses différents segments d'activité.
L'entreprise maintient des opérations dans plusieurs divisions, y compris Fenêtres Intelligentes, Fibres Optiques, Lignes de Service d'Eau et Solutions d'Intake d'Eau. Crown prévoit de fournir des mises à jour futures concernant la structure de direction et les progrès de sa division Construction.
Crown Electrokinetics (OTC: CRKN) gab die Rücktrittsankündigung von Andrew "Andy" Mayer, Präsident der Bauabteilung, bekannt, die am 25. März 2025 wirksam wird. CEO Doug Croxall erkannte Mayers Abgang an und bestätigte das anhaltende Engagement des Unternehmens für seine vielfältigen Geschäftssegmente.
Das Unternehmen betreibt mehrere Divisionen, darunter Intelligente Fenster, Glasfaser, Wasserleitungsdienste und Wasserentnahmelösungen. Crown plant, in Zukunft Updates zur Führungsstruktur und zum Fortschritt seiner Bauabteilung bereitzustellen.
- Company maintains operational continuity across diverse business segments
- Multiple revenue streams from different infrastructure solutions reduce business risk
- Sudden departure of Construction division President creates leadership uncertainty
- No immediate succession plan announced for the Construction division
LOS ANGELES, March 26, 2025 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (OTC: CRKN) ("Crown" or the "Company”), a leading provider of innovative technology infrastructure solutions that benefit communities and the environment, today announced that Andrew “Andy” Mayer, President of Construction, has submitted his resignation, effective Tuesday, March 25, 2025.
“We thank Andy for his time at Crown and wish him all the best in his future endeavors,” said Doug Croxall, CEO and Chairman, Crown. “Crown remains focused on executing across all areas of our diversified business. Our Smart Windows, Fiber Optics, Water Service Lines, and Water Intake Solutions businesses continue to move forward with great purpose. We will provide an update on the leadership structure and progress within the Crown Construction division at a future date.”
Crown remains committed to delivering long-term value by driving innovation across its critical infrastructure businesses.
About Crown
Crown is an innovative infrastructure solutions provider dedicated to benefiting communities and the environment. Operating across multiple businesses – Smart Windows, and Construction – Crown is developing and delivering cutting edge solutions that are challenging the status quo and redefining industry standards. For more information, please visit www.crownek.com.
Forward Looking Statements
Certain statements in this news release may be "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or Crown’s future financial performance that involve certain contingencies and uncertainties, including those discussed in Crown’s Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent reports Crown files with the U.S. Securities and Exchange Commission from time to time, in the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” . Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Crown Electrokinetic Corporation undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
For more information, please contact:
Investor Relations
ir@crownek.com
Public Relations
pr@crownek.com
FAQ
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