Dover Corp. (DOV), an industrial products and components maker, Monday announced the appointment of Brad Cerepak as Chief Financial Officer to replace Robert Kuhbach, who will step down from the post on July 31. As part of the transition plan, Cerepak, who starts at Dover today as Vice President, Finance, will become Chief Financial Officer on August 1.
Dover said that Kuhbach, who joined the company in 1993, is expected to remain with the company as a Vice President and senior advisor until his retirement later in the year. Cerepak will report to Chief Executive Officer Bob Livingston and will be a key member of the executive management team.
Most recently, Cerepak was Vice President & Controller of Trane, Inc., formerly American Standard Cos., where his primary responsibility was to oversee the global accounting function, including global compliance. Prior to that, he served as Finance Chief of American Standard's Bath and Kitchen division. He was also actively involved in several strategic initiatives including the American Standard separation plan, which resulted in the sale of Trane.
According to Dover, Cerepak, before joining American Standard, spent nearly ten years with Allied Signal/Honeywell in a variety of senior financial positions, including that of Chief Financial Officer, Automation & Control Solutions business as well as Finance Chief of the Automotive Consumer Products Group.
Commenting on the appointment of Cerepak, Livingston said, "He brings a broad base of financial experience and has earned a solid reputation for being a strategic thinker and a strong leader. Brad's financial acumen coupled with his proven track record in driving performance will serve our company well."
Kuhbach joined Dover as its first Vice President, General Counsel and Secretary. In November 2002, he was promoted as Vice President, Finance and Chief Financial Officer.
Dover credited Kuhbach with successfully broadening the scope of the corporate tax, treasury, internal audit and risk management functions in his role as Chief Financial Officer. He was instrumental in guiding the company through its implementation of the Sarbanes-Oxley requirements and lead the finance division through a period of strong growth. During his tenure as General Counsel, he was instrumental in implementing positive changes in legal compliance and benefits administration areas.
"Having held two of Dover's most challenging executive staff roles for over 16 years, Rob decided it was time to let someone new take the lead. His decision to retire is simply part of our orderly management transition process," Livingston added.
For the recently closed first quarter, Dover reported a sharp drop in its profit, reflecting a decline in its core business revenue as well as restructuring charges. Net earnings decreased to $53.4 million or $0.29 per share from $147.2 million or $0.76 per share last year. Quarterly revenue was down 26% to $1.4 billion from the previous year quarter. The company had also indicated fiscal 2009 earnings to be in the range of $2.00 - $2.30 per share.
DOV is currently trading at $34.75, down $0.94, on a volume of 885,360 shares.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.