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HOUSTON, Oct 24, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The National Association of Corporate Directors has chosen Rita V. Foley as the Not-for-Profit Director of the Year for 2007. The award is bestowed by NACD's independent review panel on a board member who has demonstrated outstanding leadership, service and integrity in corporate governance. Ms. Foley serves as a director on Dresser- Rand Group Inc.'s board.
Foley was honored at a special award presentation at the J.W. Marriott Hotel in Washington, D.C. on October 15, 2007. The event honors outstanding directors from boards of public, private and nonprofit organizations.
Dresser-Rand's President & Chief Executive Officer Vincent R. Volpe, Jr. remarked, "We are extremely proud of Rita and her recognition as Not-for- Profit Director of the Year. We are both honored and fortunate to have the benefit of Rita's experience, diligence, reputation and business counsel on our Board."
Ms. Foley is chairman of the board of Pro Mujer International, an international women's development and microfinance network. She recently retired as Senior Vice President of MeadWestvaco Corporation, a leading global provider of packaging to the entertainment, healthcare, cosmetics and consumer products industries, and President of its Consumer Packaging Group. Prior to that, from 2001 to 2002, she was the Chief Operating Officer of MeadWestvaco's Consumer Packaging Group. Ms. Foley has also held various executive global sales, marketing, and general management positions at Harris Lanier, Digital Equipment Corporation, and QAD Inc.
In addition to serving on the board of Dresser-Rand Group Inc, Ms. Foley serves on the board of PetSmart Inc. Ms. Foley earned a B.S. degree from Smith College and she is a graduate of Stanford University's Executive Program.
The National Association of Corporate Directors (NACD) is an independent not-for profit membership organization devoted exclusively to improving corporate director and board performance. Founded in 1977, NACD conducts educational programs and standard-setting research, and provides information and guidance on a variety of board governance issues and practices. NACD's 9,800 members and 10,000 customers are comprised of both individual directors and entire boards from U.S. and overseas companies. They represent the boards of business ranging from the Fortune 100 to smaller public, private, and closely-held companies. www.nacdonline.org.
Dresser-Rand Group Inc. (NYSE: DRC) is among the largest suppliers of rotating equipment solutions to companies that operate in the worldwide oil, gas, petrochemical, and process industries. Dresser-Rand operates manufacturing facilities in the United States, France, Germany, Norway and India and maintains a network of 27 service and support centers worldwide.
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SOURCE Dresser-Rand Group Inc.
http://www.dresser-rand.com
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