Dover Corporation : Michael F. Johnston Joins Dover's Board as Independent
MICHAEL F. JOHNSTON JOINS DOVER'S BOARD AS INDEPENDENT DIRECTOR
Downers Grove, IL, February 14, 2013 - Dover (NYSE: DOV) today announced that
Michael F. Johnston has been elected to the Company's Board of Directors. He
will serve as a member of the Company's Audit Committee. The addition of Mr.
Johnston increases the size of the Board from 12 to 13 directors.
Robert A. Livingston, Dover's President and Chief Executive Officer, said "I
am pleased to welcome Michael Johnston to our Board. Mike brings to us a
wealth of leadership and operating experience and a deep understanding of
corporate governance gained through his many years of serving on the boards of
other global companies and as a former CEO of a multi-billion dollar
industrial company. Mike's strong background in manufacturing, design,
innovation, finance and emerging economies will be invaluable to Dover. I,
and the entire Board, look forward to Mike's contributions in driving Dover's
About Mr. Johnston
Mr. Johnston, 65, has significant operating, financial and leadership
experience in both domestic and international businesses. Mr. Johnston
currently serves on the Boards of Flowserve Corporation (since 1997),
Whirlpool Corporation (since 2003) and Armstrong World Industries (since
2010). Mr. Johnston had a distinguished career at Visteon Corporation where
he most recently served as Chairman of the Board and Chief Executive Officer
through 2008. Prior to Visteon, Mr. Johnston held various leadership
positions at Johnson Controls. Mr. Johnston holds a bachelor's degree in
industrial management from the University of Massachusetts and an MBA from
Michigan State University.
Dover is a diversified global manufacturer with annual revenues of over $8
billion. For over 50 years, Dover has been delivering outstanding products
and services that reflect its market leadership and commitment to operational
and technical excellence. The Company's entrepreneurial business model
encourages, promotes and fosters deep customer engagement which has led to
Dover's well-established and valued reputation for providing superior customer
service and industry-leading product innovation. Dover focuses on innovative
equipment and components, specialty systems and support services through its
four major operating segments: Communication Technologies, Energy, Engineered
Systems and Printing & Identification. Headquartered in Downers Grove,
Illinois, Dover employs 35,000 people worldwide.Dover Corporation is traded
on the New York Stock Exchange under "DOV."Additional information is
available on the company's website at www.dovercorporation.com.
Vice President - Investor Relations
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Source: Dover Corporation via Thomson Reuters ONE
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