Dover Corporation (NYSE: DOV) has announced the retirement of its Chief Financial Officer, Brad Cerepak, effective January 31, 2025. Following this announcement, Christopher ("Chris") Woenker, the current CFO of the company's Engineered Products and Climate & Sustainability Technologies segments, has been named as Cerepak's successor.
Woenker, aged 42, has been with the company since March 2013 and has held various financial roles within Dover. He has served as a manager and director in the Financial Planning and Analysis function before being promoted to business unit CFO in September 2016 and then to segment CFO in June 2017. Currently, he is the CFO of the Engineered Products and the Climate & Sustainability Technologies segments.
This change in leadership reflects the company's commitment to its long-term succession planning process and the development and promotion of strong internal talent. Richard Tobin, the Chairman and Chief Executive Officer, expressed his confidence in Woenker, citing his deep understanding of the company's operating model and businesses.
Dover Corporation is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. It operates through five segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. The company, with over 24,000 employees, is recognized for its entrepreneurial approach and operational agility.
We look forward to seeing how the company's financial performance and strategic direction may evolve under the leadership of its new CFO, Chris Woenker. The market has reacted to these announcements by moving the company's shares 0.0% to a price of $201.83. For the full picture, make sure to review Dover's 8-K report.
