– USA, IL – Dover Corporation (NYSE: DOV) today announced the appointment of President and CEO Rich Tobin to the additional role of Chairman of the Board of Directors effective February 10, 2024. Concurrently, the current Chairman, Mike Johnston is stepping into the role of Lead Independent Director.
Richard J. Tobin has served as a director since 2016 and as President and CEO since 2018. Mr. Johnston has served as Board Chairman since 2016 and as a director since 2013.
Mr. Johnston said, “The Board’s appointment of Rich as Chairman reflects our conviction in Dover’s strength and strategic direction. Rich’s appointment as Chairman will further support effective decision-making and execution of corporate strategy. As a Board, we look forward to continuing to work with Rich in his new role to continue delivering long-term value for our shareholders. I am honored to be appointed to serve as Dover’s next Chairman and want to express my gratitude to the Board for its support and to Mike for his many contributions as Chairman. I thank him for his leadership and look forward to continuing to work with him as Lead Independent Director.”
About Dover
Dover is a diversified global manufacturer and solutions provider with an annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.”
SOURCE: https://www.dovercorporation.com/
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