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NEW YORK, Oct. 14 /PRNewswire-FirstCall/ -- Dover Corporation (NYSE: DOV) announced today that Robert A. Tyre, 63, its Vice President, Corporate Development, has decided to retire prior to the end of the year. Mr. Tyre's responsibilities will be assumed by Stephen R. Sellhausen, Dover's Vice President, Business Development.

Mr. Tyre joined Dover in 1994 and has been highly instrumental in driving its strategic acquisition program and portfolio evaluation efforts. Ronald L. Hoffman, Dover's Chief Executive Officer, stated, "I want to thank Bob for his unique contributions to Dover's success over the past 14 years. Bob has been a major factor in the successful realignment of the current portfolio of world class companies that is poised to drive future growth. During his tenure, Dover completed over 150 acquisitions representing a total investment of over $6 billion. Additionally, Bob has been a vocal proponent and leader in our global procurement efforts and synergy capture activities. Along with the entire management team, I wish him a happy and healthy retirement."

Dover Corporation, with over $7.2 billion in annual revenues, is a global portfolio of manufacturing companies providing innovative components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. For more information, please visit www.dovercorporation.com.

SOURCE Dover Corporation