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Niclas Ytterdahl Named President of Vehicle Service Group

2014-11-05

Madison, Ind., September 5, 2014 - Vehicle Service Group (VSG), a global leader in the  vehicle service industry and an operating company under Dover's (NYSE: DOV)  Engineered Systems segment, announced today that it has named Niclas Ytterdahl as  President, effective immediately. Ytterdahl will report to Andy Fincher, President and  Chief Executive Officer of Dover's Engineered Systems segment.

"Niclas has extensive industry experience and a solid background in operations and  supply chain management," Fincher said. "His familiarity with VSG through his prior role  with Dover will add important perspective to VSG's operations and strategic growth  initiatives. We welcome Niclas to the VSG team."

Ytterdahl will assume the role left vacant following the promotion of the prior VSG  President, Gary Kennon, to the position of Executive Vice President of Dover's  Engineered Systems segment.

"I am excited to take on my new role at VSG," said Ytterdahl. "VSG is an industry-leading  company with a strong portfolio of brands. I look forward to working closely with Andy  and the entire VSG team, and partnering with our suppliers, to continue to provide our  customers with world-class products and the highest levels of service and support."

Ytterdahl previously served as Senior Vice President of Global Sourcing for Dover. Prior  to joining Dover, he was Vice President of Global Strategic Sourcing at AES Corporation  where he led the restructuring of AES' global supply chain, global solid fuel supply and  risk management capabilities. Previously, he served as Vice President of Operations and  General Manager at Fisher Scientific International Inc. (now Thermo Fisher Scientific). 

Ytterdahl received his Master's Degree in Engineering Physics from Chalmers University  of Technology in Sweden and his joint MBA/SM Degree from The MIT Sloan School of  Management in Cambridge, Massachusetts.

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