William W. Spurgeon, Jr. served as the President and Chief Executive Officer of Dover Corporation's Fluids segment until his retirement in December 2019. He played a significant role in driving the company's strategies and goals during his tenure. Under his...

William W. Spurgeon, Jr. served as the President and Chief Executive Officer of Dover Corporation's Fluids segment until his retirement in December 2019. He played a significant role in driving the company's strategies and goals during his tenure. Under his leadership, the company focused on aligning executive compensation to performance, a strategy rooted in their pay-for-performance philosophy. In 2019, Spurgeon earned a total compensation of nearly $4.95 million, which included a base salary of $650,000 and a bonus reflecting his efforts to meet the company's financial and strategic benchmarks. Beyond the numbers, Spurgeon was active in managing insider trading as he sold substantial amounts of stock, reaching peaks like $1.42 million in several months in 2019. Interestingly, he had a significant stake in Dover Corporation, showing confidence in the company's future. Even after stepping down, he left behind a legacy of strong leadership and a clear compensation strategy aimed at sustainable growth and shareholder value creation.