On December 9, 2024, Dover Corporation (DOV, Financial) announced a significant leadership transition within its financial department. Brad M. Cerepak, the company's Senior Vice President and Chief Financial Officer, has declared his intention to retire, effective January 31, 2025. Mr. Cerepak has been a pivotal part of Dover's financial leadership since May 2011, contributing significantly to the company's financial strategy and growth.
In light of Mr. Cerepak's retirement, Dover has appointed Chris Woenker, aged 42, as the new Senior Vice President and Chief Financial Officer, effective January 31, 2025. Mr. Woenker is currently serving as the Chief Financial Officer for Dover's Engineered Products and Climate & Sustainability Technologies segments. His previous experience includes serving as the Chief Financial Officer of Dover's Engineered Systems segment prior to the company's re-segmentation in 2019.
The company has confirmed that there are no arrangements or understandings between Mr. Woenker and any other individuals that influenced his selection as Chief Financial Officer. Additionally, there are no familial connections between Mr. Woenker and any of Dover's directors or executive officers, nor does he hold any direct or indirect material interest in any related party transactions that require disclosure under the Securities Exchange Act of 1934.
This leadership transition marks a new chapter for Dover Corporation as it continues to strengthen its financial leadership team. The company expressed gratitude for Mr. Cerepak's years of dedicated service and looks forward to Mr. Woenker's contributions in his new role.
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