Tobin has more than 30 years of experience in international management and finance, acquired through global leadership roles.
“Rich’s appointment and the orderly transition announced today are the culmination of a succession plan that the Board of Directors has been engaged in for the past several years,” said Michael F. Johnston, chairman of Dover’s Board of Directors. “Bob and the Board believe this is the appropriate time for a transition given the anticipated early May completion of the Apergy spin. We have been impressed by Rich’s contributions to the Board and are confident that he is the right leader to guide Dover through the next phase of its evolution. His extensive experience as a public company CEO leading complex global industrial businesses and his expertise in finance and technology make him the ideal candidate to lead Dover.
“In his 35 years at Dover, Bob created an incredible legacy, and we are thankful for his outstanding leadership during his entire tenure,” Johnston added. “As CEO, Bob significantly improved Dover, refining its portfolio and introducing standard processes, while expanding the company’s product breadth and geographic reach. Under Bob’s leadership, Dover became a stronger and more focused company, and now consists of businesses with talented leadership, strong market positions and leading technologies.”
“It has been a privilege to lead Dover for the past nine years and a pleasure to have worked with so many talented colleagues during my 35 years at the company,” Livingston said.
Tobin served as CEO and a member of the Board of Directors of CNH Industrial N.V., a global manufacturer of agricultural and construction equipment, trucks, commercial vehicles, buses, specialty vehicles and powertrain applications, from 2013 to 2018. Prior to the integration of Fiat Industrial S.p.A. and CNH Global N.V. into CNH Industrial, Tobin was group COO of Fiat Industrial S.p.A. and president and CEO of CNH Global N.V., a role he assumed in January 2012 after two years as CFOer of CNH Global N.V. Prior to joining CNH, Tobin was with SGS Group of Geneva, Switzerland, most recently serving as CFO and head of information technology.