Summary
Dover Corporation (DOV) announced on December 9, 2024, a leadership transition within its finance department. Brad M. Cerepak, Senior Vice President and Chief Financial Officer, will retire effective January 31, 2025. Mr. Cerepak has been a key figure in the company's financial leadership since May 2011. This marks the end of a significant tenure for Mr. Cerepak, who has guided Dover through various financial cycles. To ensure a smooth transition, Chris Woenker, currently the CFO for Dover’s Engineered Products and Climate & Sustainability Technologies segments, has been appointed as the new Senior Vice President and Chief Financial Officer, effective January 31, 2025. Mr. Woenker's prior experience within Dover, including his previous role as CFO of the Engineered Systems segment, positions him to effectively lead the company's financial strategy. The company has stated there are no specific arrangements or understandings that led to Mr. Woenker's selection, nor does he have any material indirect or direct interest in any related party transactions.
Key Highlights
- 1Retirement of Brad M. Cerepak, SVP and CFO, effective January 31, 2025, after a long tenure since May 2011.
- 2Appointment of Chris Woenker as the new SVP and CFO, effective January 31, 2025.
- 3Chris Woenker currently serves as CFO for Dover's Engineered Products and Climate & Sustainability Technologies segments.
- 4Mr. Woenker has prior experience as CFO of Dover's Engineered Systems segment before the 2019 re-segmentation.
- 5The selection of Mr. Woenker was not based on any specific arrangements with other persons.
- 6Mr. Woenker has no disclosed family relationships with existing directors or executive officers.
- 7Mr. Woenker has no material direct or indirect interest in any related party transactions requiring disclosure.