NEW YORK, Sep 23, 2002 /PRNewswire-FirstCall via COMTEX/ -- Dover Corporation (NYSE: DOV) today announced that David S. Smith has decided to leave his position as Vice President, Finance and Chief Financial Officer to pursue other professional opportunities outside the company. Dover's Board of Directors has initiated the process of retaining a search firm to identify qualified candidates to fill the position.

Thomas L. Reece, Chairman and Chief Executive Officer of Dover, said, "We appreciate the contributions David made to Dover during his tenure here. I want to assure our investors that David's decision was made for personal reasons and in no way reflects any concerns, either on his or Dover's part, regarding Dover's accounting practices, financial reporting or internal controls. We wish David well in his future endeavors and look forward to completing our search for a new Chief Financial Officer."

Dover Corporation is a diversified manufacturer of industrial products with approximately $4.4 billion of sales.

SOURCE Dover Corporation

CONTACT: Robert G. Kuhbach, Vice President, General Counsel and Secretary of Dover Corporation, +1-212-922-1640

URL: http://www.dovercorporation.com