Dover President, CEO To Retire

Industrial equipment maker said Thursday Ronald Hoffman will retire as president and chief executive as soon as the company's board identifies a successor.

NEW YORK (AP) -- Industrial equipment maker Dover Corp. said Thursday Ronald L. Hoffman will retire as president and chief executive as soon as the company's board identifies a successor.

Dover named long-time company veteran Robert A. Livingston, 54, as president and chief operating officer, effective July 1.

Livingston currently serves as a vice president of Dover and the chief executive of its engineered systems segment.

Dover makes parts and equipment for industrial products, engineered systems, fluid management and electronic technologies markets.

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