Federal Signal Taps Industrial Heavyweights for Boardroom

DOWNERS GROVE, Ill. – February 26, 2026 – Federal Signal Corporation (NYSE: FSS), a stalwart in environmental and safety solutions, has strategically expanded its board of directors with the immediate appointments of two prominent industrial sector executives. Richard (“Rich”) A. Maue, the Executive Vice President and Chief Financial Officer of Crane Company, and Eric A. Vaillancourt, the President and Chief Executive Officer of Enpro Inc., will bring decades of high-level financial and operational expertise to the company.

The move, which increases the board's size from seven to nine members, was hailed by leadership as a significant enhancement of its strategic capabilities.

"We are delighted to announce the appointments of Rich and Eric to our board of directors," said Brenda L. Reichelderfer, Chair of the board of Federal Signal. "Rich's vast experience as a senior finance leader in a global industrial organization, currently as the Chief Financial Officer ('CFO'), positions him to provide immediate, valued insight to our board. In his current role as the Chief Executive Officer ('CEO') of a market-leading company, Eric has significant expertise in operations, strategic planning, marketing and business development. His breadth of experience will make him a valuable addition to our board."

Proven Leaders with Deep Expertise

The new directors bring impressive track records from their respective publicly traded industrial companies. Richard Maue has been a cornerstone of Crane Company's (NYSE: CR) financial leadership since 2007, serving as its CFO since 2013. His tenure has been marked by a steady ascent through the ranks, starting as Vice President and Controller before assuming full responsibility for all finance functions. His experience extends beyond pure finance, having also held segment leadership for Crane’s Aerospace and Electronics business. Maue's background, which includes roles at Paxar Corporation and Protiviti, Inc., and an early career at Arthur Andersen, provides a deep well of experience in financial governance, accounting, and risk management. He will serve on Federal Signal's Audit Committee, where this expertise will be directly applied.

Eric Vaillancourt brings a complementary skill set centered on executive leadership and operational excellence. As President and CEO of Enpro Inc. (NYSE: NPO), an industrial technology firm, he has steered the company through a period of significant growth. Vaillancourt’s journey at Enpro began in 2009, and he progressed through multiple divisional presidencies, including leading the STEMCO and Garlock divisions, before taking the helm in 2021. This path provided him with intimate knowledge of sales, marketing, and operations across diverse industrial markets. A graduate of the prestigious Harvard Advanced Management Program, Vaillancourt is recognized for his strategic planning and business development capabilities. He will join the Compensation and Benefits Committee.

A Strategic Move Amidst Record Performance

The decision to fortify the board comes at a time of significant strength and momentum for Federal Signal. The company recently reported a record-setting year in 2025, with net sales surging 17% to $2.18 billion and operating income climbing 21% to $340.9 million. This performance was fueled by strong demand across both its Environmental Solutions and Safety and Security Systems groups, culminating in a robust year-end backlog of $1.04 billion.

This growth trajectory has been supported by strategic initiatives, including the successful acquisition of New Way, a manufacturer of refuse collection vehicles, which has bolstered its Environmental Solutions portfolio. The appointments of Maue and Vaillancourt are not a course correction but rather a strategic injection of expertise intended to sustain and accelerate this growth. Their collective experience in navigating complex global markets, managing large-scale industrial operations, and executing on financial strategy aligns directly with Federal Signal’s ambitions to be the "#1 provider of infrastructure maintenance equipment and public safety tools."

Navigating a Competitive Industrial Landscape

Federal Signal operates in what its own filings describe as "highly competitive" markets, facing persistent challenges such as supply chain risks that are endemic to the manufacturing sector. The addition of Maue and Vaillancourt provides the board with critical, real-time insights from leaders who are actively navigating these same pressures at other major industrial firms.

Maue’s deep financial acumen from Crane, a manufacturer of highly engineered components for mission-critical applications, is invaluable for guiding capital allocation, assessing M&A opportunities, and ensuring financial discipline. Vaillancourt’s leadership at Enpro, a company focused on industrial technology for critical applications, provides a blueprint for operational efficiency, strategic market penetration, and fostering innovation. Their combined perspective will be instrumental as Federal Signal continues to invest in new product technology and expand its global dealer networks to enhance its competitive standing.

The appointments signal a commitment to sophisticated governance and proactive strategy. By bringing in outside leaders with proven track records in value creation, Federal Signal is reinforcing its leadership team to guide the 125-year-old company through the next phase of its evolution. As the company continues to execute on its growth strategy, the counsel and oversight from these seasoned industrial veterans will be a crucial asset in the boardroom.