NEW YORK, Nov. 12 /PRNewswire-FirstCall/ -- Dover Corporation (NYSE: DOV) announced today that it will relocate its corporate headquarters from New York City to Downers Grove, Illinois, a suburb of Chicago. This move will take place during the second quarter of 2010 and be completed by the summer. Following the Company's move, Dover will maintain an office in New York City.
The decision to relocate its corporate headquarters to Chicago is part of the Company's ongoing efforts to bring its corporate management team under one roof to better facilitate communication and strategic decision making.
Robert A. Livingston, Dover's president and chief executive officer said, "By consolidating our corporate management team, we can improve efficiencies across the organization. We believe that this is the right decision for Dover as we work to improve performance and create value for our shareholders and customers alike."
About Dover Corporation
Dover Corporation 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.
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SOURCE Dover Corporation