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NEW YORK, Jan. 11 /PRNewswire-FirstCall/ -- Dover Corporation (NYSE: DOV) announced today that effective January 1, 2006, David R. Van Loan, has been named CEO and President of Dover Technologies, a subsidiary of Dover. Dave has served as President of the Technologies subsidiary since July of 2005. Dave came to Dover in 1996, when his company Everett Charles Technologies was acquired. Dave orchestrated a series of strategic acquisitions that grew Everett Charles into the premier test interconnect equipment supplier to the circuit board and back end semiconductor markets. Dave succeeds John Pomeroy, who has led the subsidiary since 1987, and retired as Technologies CEO at the end of 2005. Gerhard Meese, Executive Vice President of Dover Technologies, also retired from his position at the end of the year.

Ron Hoffman, Dover's President and CEO, said, "Over the past months, Dave has worked with all the Technologies companies in learning the specific markets and drivers of each business unit. Dave brings a high energy level and proven track record of producing solid operating results. I look forward to working with Dave as he develops his strategic vision to guide the direction and results of this very important Dover subsidiary. Dave fully embraces Dover's unique culture and brings his entrepreneurial spirit and global experience to Dover Technologies."

Pomeroy commented, "It has been a great pleasure leading Dover Technologies over the past eighteen years and I am pleased to be turning over the group to Dave. He has displayed great leadership and has extensive experience in the technology markets. Gerhard Meese and I have worked with Dave over the past months to facilitate an orderly transition of leadership and we are very supportive and excited about the positive changes that Dave will bring to the Technologies subsidiary."

Van Loan joined Everett Charles in 1981 and led a management buyout of the company in 1984. He grew the company organically by expanding into bare board testers, test fixtures and semiconductor test probes prior to selling the business to Dover in 1996. He continued to lead the company under Dover's ownership and grew the company's revenue four fold while becoming Dover's largest earner in 2004.

Dover Technologies is a $1.5 billion sales segment of Dover Corporation with new headquarters in Tustin, California. Dover Technologies companies serve the Circuit Assembly and Test markets and the Product Identification and Printing markets. Dover Corporation is a diversified manufacturer of industrial products with approximately $5.5 billion in annual sales.

SOURCE: Dover Corporation

CONTACT: Robert G. Kuhbach, Vice President, Finance of Dover
Corporation, +1-212-922-1640
Web site: http://www.dovercorporation.com