Two top executives from Oklahoma to be inducted into Hall of Fame at OSU
Wednesday, October 8, 2008
(October 8, 2008 Stillwater, OK) - Two former Oklahomans who attained top executive positions with some of the largest and most successful companies in the U.S. will be inducted into the Hall of Fame at the Oklahoma State University College of Engineering, Architecture and Technology on Friday, Oct. 3, in Stillwater.
Donald Humphreys, senior vice president and treasurer of ExxonMobil Corporation, and Ronald Hoffman, CEO of Dover Corporation, will be honored for their successful careers and contributions to OSU at the ConocoPhillips OSU Alumni Center on campus.
Humphreys, a Tulsa native, graduated from OSU in 1971 with a bachelor’s degree in industrial engineering and management. He is a member of the ExxonMobil Management Committee, a group consisting of the corporation’s top four executives who guide the world’s largest publicly traded integrated petroleum and natural gas company. ExxonMobile is also a global leader in the development and production of petrochemicals and plastics.
Humphreys began his employment with the company in 1976 as a systems analyst at Exxon Chemicals and held posts in Houston, Baton Rouge, Baytown and New York before becoming financial director of Exxon Companies in Malaysia in 1993. In 1997, he returned to the United States as assistant treasurer of Exxon Corporation and, in the same year, was elected vice president and controller.
His work at the center of the merger with Mobil in 1999 was recognized with a promotion to vice president and controller of ExxonMobil Corporation, and, in 2004, he was named vice president and treasurer. He has served as senior vice president and treasurer since January 2006.
A native of Collinsville, Ronald Hoffman initially completed an associate’s degree in aeronautical technology at OSU before receiving a bachelor’s in engineering technology in 1970. He later went to work at Tulsa Winch, rising to president and leading a management buyout and turnaround of the company.
In 1996, Hoffman and the other owners sold Tulsa Winch to Dover Resources, an operating subsidiary of Dover Corporation, and he was retained as president. Through mid-2000, Hoffman led Tulsa Winch’s acquisitions of the major U.S. industrial winch companies, resulting in his promotion to executive vice president of Dover Resources.
In January 2002, he became president and chief operating officer of Dover Resources and, a year later, president and chief operating officer of the parent Dover Corporation. Hoffman has served as CEO of Dover Corporation since 2005. The Fortune 500 company is parent to 37 companies worldwide.
In Hoffman’s five-plus years as a Dover Corporation executive, earnings per share have grown at a compound annual rate of 23 percent. Sales have increased from $4 billion to $7.5 billion, and the company’s market cap grew by more than $2 billion.
As a multi-billion dollar, global producer of innovative equipment, specialty systems and value-added services for the industrial products, fluid management, engineered systems and electronic technology markets, Dover Corporation has been called a “jewel of America” and a company whose continued success sets it apart from others.