(RTTNews) – Dover (DOV) announced today that it has appointed President and CEO Richard Tobin to the additional role of Chairman of the Board of Directors. Additionally, the independent directors of the board have appointed current Chairman, Michael Johnston, as lead independent director. Both appointments take effect February 10, 2024.
Tobin has been a director since 2016 and president and CEO since 2018. Johnston has been chairman of the board since 2016 and a director since 2013.
The company noted that its board of directors has amended its corporate governance guidelines to require a lead independent director when the chairman is not independent and to define the duties of the lead independent director.