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Dover Elects New Chairman
NEW YORK, May 14, 2009 /PRNewswire-FirstCall via COMTEX/ -- Dover Corporation (NYSE: DOV) announced today that its Board has elected Robert W. Cremin, 68, as Chairman. Mr. Cremin has been on the Board since 2005. He currently serves as Chairman of the Governance and Nominating Committee and is a member of the Compensation Committee, positions he will retain for the time being. Mr. Cremin replaces James L. Koley, 78, who will remain a director and member of the Governance and Nominating Committee.
Mr. Cremin is currently President and Chief Executive Officer of Esterline Technologies Corporation (NYSE: ESL) where he has also been Chairman of the Board since 2001. He is also a Director of the British-American Business Council of the Pacific Northwest and a British Honorary Counsel in Seattle.
Speaking on behalf of Dover, Robert A. Livingston, President and Chief Executive Officer, said: "We are delighted to have Bob Cremin as Chairman of the Board. He is held in high esteem by his fellow directors as well as the management team. I value his experience and wisdom and look forward to working with him in his new position.
"All of us at Dover would especially like to thank Jim Koley for his leadership as Chairman during the past year and for his continued service on the Board."
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.
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