Duravant names Jill Evanko as new CEO as Mike Kachmer plans retirement

DOWNERS GROVE, Ill. - Duravant LLC, a global automation solutions provider, announced Monday that Chief Executive Officer Mike Kachmer will retire after nearly 12 years at the helm. Jill Evanko, former President and CEO of Chart Industries (NYSE:GTLS), will succeed him effective January 5, 2026.

Kachmer will continue to serve as Chairman of Duravant following his retirement, maintaining his board positions with Northwestern Memorial Healthcare and The London Clinic.

During his tenure, Kachmer led Duravant through 30 acquisitions and strategic partnerships, expanding the company's global presence with new sales and service centers in Brazil, Mexico, China, Thailand, and India.

"It has been a true honor and a humbling experience to lead this incredible company," Kachmer said in the press release announcing the transition.

Evanko brings executive experience from her time at Chart Industries, Truck-Lite Co. LLC, and Dover Corporation (NYSE:DOV). Dover, currently valued at $25 billion in market capitalization, trades at a P/E ratio of 23.79 and has maintained dividend payments for 55 consecutive years – a fact highlighted by InvestingPro analysts who rate the company's overall financial health as "GOOD" with a score of 2.64. She holds an MBA from The University of Notre Dame and currently serves as an independent director on the board of Greif, Inc. (NYSE:GEF, GEF.B).

"It is a privilege to join Duravant and build upon the remarkable foundation established by Mike," Evanko stated in the announcement.

Jeff Goldfaden, Managing Director at Warburg Pincus and Duravant board member, expressed confidence in the leadership transition, noting Evanko's "strategic mindset and extensive leadership experience at best-in-class industrials companies."

Duravant operates across food processing, packaging, and material handling industries, serving customers in over 190 countries from its headquarters in Downers Grove, Illinois. For investors seeking deeper insights into companies like Dover Corporation, InvestingPro offers comprehensive Pro Research Reports on over 1,400 US equities, transforming complex Wall Street data into actionable intelligence for smarter investment decisions.

In other recent news, Dover Corporation reported its third-quarter 2025 earnings, with earnings per share (EPS) coming in at $2.62, surpassing analyst expectations of $2.51. This represented a 4.38% surprise, although revenue slightly missed forecasts, totaling $2.08 billion against the anticipated $2.11 billion. Additionally, Dover Corporation announced a $500 million accelerated share repurchase program in collaboration with JPMorgan Chase Bank, intending to buy back a significant portion of its common stock. The company expects to receive approximately 2,334,010 shares soon, representing a substantial majority of the shares planned for retirement in this program.

In another update, Dover declared a regular quarterly cash dividend of $0.52 per share, payable on December 15, 2025, to shareholders of record as of November 28, 2025. RBC Capital raised its price target for Dover to $198, citing margin strength while maintaining a Sector Perform rating. These developments highlight Dover's ongoing efforts to enhance shareholder value and its strong financial performance in recent quarters.

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