Dover Corporation Focuses on Chief Executive Officer Selection
NEW YORK, July 2, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Dover Corporation (NYSE: DOV) confirmed today that it has retained Heidrick & Struggles to assist in the selection process for Dover's next Chief Executive Officer. This appointment is the next phase of an orderly succession plan following the recent announcement that Ronald L. Hoffman, Dover's current CEO, plans to retire in the coming months.
James L. Koley, Dover's Chairman of the Board, stated, Following the announcement of Ron Hoffman's desire to retire and the appointment of Bob Livingston to President and Chief Operating Officer, the Board will complete a thorough and deliberate selection process as we evaluate both internal and external candidates. The Board is pleased to have Bob in place as the President of Dover as we conduct the process to select the best leader to take Dover Corporation to an even higher level of success. This selection is an important step in Dover's evolution, and we are confident this process will uncover the right leader.
Dover Corporation, with over $7 billion in annualized revenues, is a global portfolio of manufacturing companies providing innovative components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. For more information, please visit http://www.dovercorporation.com.
SOURCE: Dover Corporation