Nordson (NDSN) - Get Report finance chief Peter S. Hellman will retire from the company and its board in February 2007.

The Westlake, Ohio, dispensing company said Hellman wants to pursue "a variety of activities, including greater involvement in the many not-for-profit organizations that he supports." He'll stay on until a successor is named.

Shares fell 64 cents to $39.33 late Monday.