Vincent R. Volpe Jr. is our President and Chief Executive Officer and has served as a member of our board of directors since the acquisition in October 2004. Mr. Volpe has been with Dresser-Rand Company and its predecessor companies since 1981. He has held positions in Engineering, Marketing and Operations residing and working in various countries, including: Applications Engineer in Caracas, Venezuela; Vice President Dresser-Rand Japan in Tokyo, Japan; Vice President Marketing and Engineering Steam and Turbo Products; Executive Vice President European Operations in Le Havre, France; and President Dresser-Rand Europe in London, U.K. Mr. Volpe returned to Olean in January 1997 and became President of Dresser-Rand Company's Turbo Product Division, a position he held until September 2000. In April 1999, he assumed the additional role of Chief Operating Officer for Dresser-Rand Company, responsible for worldwide manufacturing, technology and supply chain management, serving in that position until September 2000. Mr. Volpe became President and Chief Executive Officer of Dresser-Rand Company in September 2000. He is proficient in five languages. Mr. Volpe earned a BS in Mechanical Engineering and a BA in German literature, both from Lehigh University.

Mark E. Baldwin was elected Executive Vice President and Chief Financial Officer on August 24, 2007. Prior to that, he served three years as the Executive Vice President, Chief Financial Officer and Treasurer of Veritas DGC Inc., a public energy service company. Other previous experience includes two years as Executive Vice President and Chief Financial Officer for NextiraOne, a voice and data products distribution company, and four years as Chairman of the Board and Chief Executive Officer for Pentacon Inc. Mr. Baldwin led Pentacon through an IPO in 1998 and the formation of the Board of Directors and senior leadership team. He also spent 17 years with Keystone International Inc. in a variety of finance and operations positions, including Treasurer, Chief Financial Officer and President of the Industrial Valves and Controls Group. Mr. Baldwin earned a B.S. in Mechanical Engineering from Duke University, and an MBA from Tulane University.

Raymond L. Carney has been Vice President, Controller and Chief Accounting Officer at Dresser-Rand since November 2008. Prior to that, he served for more than two years as Group Controller of Alcoa's Global Rolled Products division. From December 2002 to August 2006, Mr. Carney held financial leadership positions in Alcoa's corporate controllership group. He worked for Ernst & Young for 13 years in various leadership positions and was responsible for client projects including public filings, acquisitions, and audit engagements. Mr. Carney, a CPA, earned a B.S. in accounting from the Pennsylvania State University.

Jean-Francois Chevrier is the Vice President and General Manager of North American Operations for Dresser-Rand Company effective March 31, 2007. Previously Mr. Chevrier has been the Vice President and General Manager, European Operations since the acquisition in October 2004. Mr. Chevrier has been with Dresser-Rand Company and its predecessor companies since 1990. He has held the positions of Operations Manager in Le Havre, France; Director, Special Projects in Olean, New York; and General Manager Turbo Products, Europe. From March 1997 to July 2000, he held the position of Vice President & General Manager, French Operations. From August 2000 to October 2004, Mr. Chevrier served as the Vice President & General Manager for European Operations in Le Havre, France, which included responsibility for our businesses and plants in Oberhausen, Germany, and Kongsberg, Norway. Prior to joining Dresser-Rand Company, Mr. Chevrier held various leadership positions at a Peugeot subsidiary, specializing in military and aerospace hydraulic equipment. Mr. Chevrier earned a BSME from Tarbes University in France.

Bradford W. (Brad) Dickson was appointed Vice-President and Chief Marketing Officer of the Company in June 2007. Mr. Dickson had previously been an Executive Vice President of the Company since January 1999, most recently as our Executive Vice-President New Equipment Worldwide since 2004. He was named a Corporate Officer of the Company in 2000. Mr. Dickson also carries oversight responsibility for Corporate Marketing and Communication Services as well as the Government Business Unit. He has over 30 years of experience in the global energy industry working with compressors and turbines for process, oil and gas applications, having been with Dresser-Rand Company and its predecessor companies since 1977. He has held numerous leadership positions in International Sales, Marketing, and Project Management for Dresser-Rand Company and its predecessors, including three years in Caracas, Venezuela as Managing Director, Venezuelan and Colombian Operations; seven years in Los Angeles as Key Accounts Manager; seven years as Sales Engineer working in the Overthrust Belt of Wyoming/Utah; and early in his career as International Marketing Manager in Houston for the former Southwest Industries oilfield compressor services division. He served as a Director on the Board of Paragon Engineering Services (now AMEC Paragon) from 2001-2004. Mr. Dickson earned a BS in Engineering from the University of Illinois and an MBA from the University of Southern California's Marshall School of Business.

Honor joined Dresser-Rand in January of 2005 as the Vice President of Global Singular Processes and Chief Information Officer. She has over 20 years Senior Executive experience, progressing to CIO / COO with industrial as well as high tech companies in Oil and Gas Industry. She has proven success in developing and melding IT strategies with business strategies that have resulted in significant value creation for several companies. This value has been created through development of new revenue streams, significant contribution to existing revenue streams and the removal of cost through process redesign and automation. The process redesign has been focused both internally and to external partners driving and enabling value creation across multiple companies.

Most recently she worked at Trade-Ranger as their COO. During this period she developed a business model and value proposition for Trade-Ranger, upgraded skills of 75% of the staff, opened a European headquarters, developed a technology strategy and retained 100% of Trade-Ranger customers. Honor also was the CIO for National Oilwell where she developed and implemented their digital strategies. She was accountable for implementing a world-wide system for the distribution business unit. She then worked with the executive team in developing and implementing National Oilwell's e-strategies. These strategies resulted in significant additional revenue as well as cost savings for the distribution business unit.

Prior to her work with National Oilwell, Honor was the Vice President of Global Services for Unidata, a Denver based database company. She was accountable for developing, marketing, selling and delivering professional services. When she joined Unidata it was a product only company. She created and grew a global professional services business unit. She developed a substantial revenue stream with 25% margins through delivery of many mission critical systems for Unidata's clients.

Jim Heid is the Vice President of Global Business Solutions for Dresser-Rand Company. He was appointed in 2003, responsible for Alliances and Major Solution Activity Worldwide. In addition, he has responsibility for Latin America Sales, the Separable Business Unit Sales and Marketing and the Micro Turbine Business Unit.

Mr. Heid joined the Ingersoll-Rand Company in 1979 as a Sales Engineer. Jim has held positions in both Operations and Sales/Marketing for Dresser-Rand. In1986, he became responsible for the Western Region of Dresser-Rand Product Services that was responsible for Service Center and Field Service Operations, as well as sales activity for the Western U.S. and Canada. Then in 1992, he became Vice President of all Aftermarket Sales for the Western Hemisphere. In 1994, he was appointed Vice President of Sales for both Units and Aftermarket for the Eastern half of the United Sates and Mexico. In 1997, Jim was appointed to the position of VP Gulf South Region that included sales for Southern U.S. and Latin America, Product Services Operation and the D-R Controls SBU.

Mr. Heid graduated from Penn State University with a degree in Electrical Engineering and later graduated from the University of Houston Graduate Studies in Executive Development. Jim is a Marine Corp and Vietnam Veteran.

Dick G. Heusinkveld has been our Vice President and General Manager, Asia Pacific Operations since June 30, 2007. Mr. Heusinkveld has been with Dresser-Rand Group Inc and its predecessor companies since 1976. He started with Dresser-Rand as an application engineer in Toronto, Canada. During his career, he has held leadership roles in operations, sales, business development, marketing, and engineering. Mr. Heusinkveld was the General Manager of the separable packaging operation in Canada, and also opened the first D-R service center in Canada, serving as its General Manager. Other prior positions include gas engine project manager in Painted Post, New York; Canadian sales director for new equipment; and nine years in the European Served Area and Eurasia working out of the UK and the Czech Republic, where he was responsible for the company's activities in the former Soviet Union. He most recently held the position of Director of Power Recovery and Power Turbines for Product Services in Olean, New York.

Mr. Heusinkveld holds a BSME from Queen's University in Kingston, Ontario, Canada. He is a registered professional engineer in the provinces of Alberta and Ontario, Canada.

Mark F. Mai joined Dresser-Rand in October 2007 as Vice President, General Counsel, and Secretary. Prior to that Mr. Mai held various positions at Cooper Industries, an international manufacturing company, between 1991 and 2000 and 2003 and 2007. As Cooper's Associate General Counsel from 2003 until 2007, Mr. Mai led a team that handled the legal needs of Cooper's business operations and its active merger and acquisition strategy. As Cooper's Associate General Counsel, Litigation from 1999 to 2000, he managed Cooper's global litigation issues. From 2000 to 2003, Mr. Mai was a partner at the law firm of Thompson & Knight, LLP heading up the Corporate and Securities practice for its Austin office. He began his professional career in 1986 as an associate of Baker, Brown, Sharman & Parker, which later merged into Thompson & Knight.

Mr. Mai earned a BBA with a concentration in finance from the University of Notre Dame and a JD from the University of Texas.

Ken Marcia was appointed our Vice President Supply Chain Management & Process Innovation in January 2006. Prior to joining Dresser-Rand, Mr. Marcia held executive leadership positions within United Technologies Corporation. From March 1999 to December 2005, Mr. Marcia served as Director Supplier Development for United Technologies Corporation including its divisions; Carrier Corporation, Pratt & Whitney, Hamilton Sundstrand, Sikorsky, Otis, UTC Power, and UTC Fire & Security. Prior to this assignment Mr. Marcia held the following positions within the Hamilton Sundstrand division: Vice President of Purchasing, Director of Operations, Commercial Aircraft Products General Manager, Director of Environmental Control Systems, Quality Engineering Manager, and Chief of Manufacturing Engineering.

Mr. Marcia has spoken at numerous industry forums on Supply Chain and Lean including Purchasing Magazine's CPO Summit, the Institute for Supply Management (ISM) annual conference, the Connecticut Shingo Prize Conference, Supplier Excellence Alliance symposiums, and Business VoiceAmerica.

Mr. Marcia graduated cum laude with a BS in Mathematics from the University of Hartford. Additionally, he has twice been elected Board President of the Supplier Excellence Alliance (www.seaonline.org) , and served on the Board of the National Minority Supplier Development Council (www.nmsdc.com).

Walter J. Nye has been Vice President & General Manager, European Served Area Operations located in Le Havre, France since January of 2007. In this leadership position, Mr. Nye is responsible for our production operations in France, Germany and Norway. In addition, Mr. Nye is responsible for all new equipment and Aftermarket Sales and Support operations serving Eastern and Western Europe, Scandinavia, Middle East, Africa, and Russia. Prior to this assignment, he served as Executive Vice President Worldwide Product Services since 1997 with worldwide responsibility for aftermarket parts, services and engineered solutions sales as well as leading our strategy and activities for Acquisitions. In addition, Walt oversaw several Strategic business units such as our Controls, Separator and Power Recovery businesses and is Executive Sponsor for several Key Client Alliances. Mr. Nye has been with Dresser-Rand Company and its predecessor companies since 1975. Prior to his most recent responsibilities, Mr. Nye held numerous financial positions of increasing responsibility including Controller, Turbo Products Division in Olean N.Y. In addition, he held management positions in Turbo Operations Production Control and leadership for Company-wide re-engineering prior to his appointment as President, Dresser-Rand Services Division in October 1997. Mr. Nye earned a Bachelor Degree in Management Sciences from St. Bonaventure University and a Certificate in Management Accounting.

Jesus M. Pacheco was appointed Executive Vice President, New Equipment Worldwide in June of 2007. He is responsible for all company new equipment sales and client services worldwide. Mr. Pacheco has been with Dresser-Rand Company since 1990. He has held various leadership positions in Application Engineering, Extended Scope and Marketing for Dresser-Rand Company, including responsibilities as Regional Director for the former Soviet Union, based in London, UK, and Marketing Manager for the European Served Area (Europe, Eurasia, Africa and the Middle East) based at our manufacturing facility in Le Havre, France. From January 1999 to August 2000, Mr. Pacheco served as Vice President, Client Services for the Latin America Region. He assumed Client Services responsibilities for The Americas Region in August 2000, expanding them to include the European Served Area in July 2006. Mr. Pacheco has 25 years of experience in the global energy industry, including 8 years with a major oil and gas operator in Venezuela, working with compressors, turbines and compression facilities for process, oil and gas applications. Mr. Pacheco earned a BSE in Mechanical Engineering and a BS in Economics from the University of Michigan at Ann Arbor.

Elizabeth C. Powers has been our Vice President and Chief Administrative Officer since April 2005. Prior to that, Ms. Powers served as Vice President, Human Resources since the acquisition in October 2004 and as Vice President, Human Resources of Dresser-Rand Company from October 2004 to April 2005. Ms. Powers was the Vice President for Ingersoll-Rand's Global Business Service from January 1999 until January 2003. In this capacity, she was responsible for directing the design of worldwide benefits, as well as establishing the Human Resource Shared Services organization for Ingersoll-Rand. Ms. Powers left Ingersoll-Rand on a leave of absence from January 2003 until March 2004. Ms. Powers has been with Dresser-Rand Company and its predecessor companies since 1986. She has held various Human Resource positions in Dresser-Rand Company since the start of the joint venture and has also worked as Director and Vice President of Human Resources in various Ingersoll-Rand businesses. From 1994 to 1998, Ms. Powers served as worldwide Vice President, Human Resources, Production Equipment Group. She has also served on the Board of Rx Intelligence. Ms. Powers earned a BS from Cornell University's School of Industrial & Labor Relations.

Stephen A. Riordan has been our Vice President Finance since April 2005. Mr. Riordan served as Chief Financial Officer from October 2004 to April 2005. Prior to that, Mr. Riordan served as Vice President Finance from January 2003 to October 2004. From January 1998 until December 2002, Mr. Riordan worked as an independent consultant to numerous Ingersoll-Rand business units both domestically and internationally. Mr. Riordan joined Ingersoll-Rand in 1981 and spent sixteen years in the finance function in positions of increasing responsibility. From May 1993 until November 1997, Mr. Riordan was the Worldwide Division Controller for Ingersoll-Rand's European Paving Equipment business unit in Germany. Mr. Riordan earned his CPA and is presently a Certified Management Accountant. Mr. Riordan possesses a BS in Accountancy from Bentley College and an MBA from Lehigh University.

In February 2007, our Board of Directors approved a change in Mr. Rossi's responsibilities to Executive Vice President, Product Services Worldwide. He has worldwide sales responsibility for our aftermarket parts and services business, including sales of repairs, field technical support, services and solutions. Prior to that, he had been our Vice President and General Manager, North American Operations since the acquisition in October 2004. Mr. Rossi has been with Dresser-Rand Company and its predecessor companies since 1987. He has held various leadership positions within Dresser-Rand Company in the areas of Engineering, Production, Materials Management, and Supply Chain Management. From October 2003 to October 2004, Mr. Rossi was Vice President and General Manager, North American Operations, responsible for all U.S. plants, and worldwide Development Engineering. Mr. Rossi served as Vice President, Supply Chain Management Worldwide from March 1998 to January 2001 and as Vice President and General Manager, Painted Post Operation from February 2001 to October 2003. Mr. Rossi earned a B.S.M.E. from Virginia Tech and an M.B.A. in Corporate Finance and Operations Management from the University of Rochester's Simon School of Business.

Robert J. Saltarelli has been our Vice President and Treasurer since July 2005.

Just prior to joining Dresser-Rand, he served as Vice President and Treasurer at American Household, Inc. (formerly the Sunbeam and Coleman companies) since October 2003. Mr. Saltarelli has 30 years of experience in corporate finance, global capital markets, risk management and cash/banking treasury functions.

From 1976 to 1990, Mr. Saltarelli performed financial audit, planning and treasury roles, each with increasing responsibilities, at J.C. Penney Company, Inc.. Following his time at J.C. Penney, Mr. Saltarelli has held a variety of financial leadership positions including: Assistant Treasurer at Melville Corp. from 1990 to 1992; Director of Capital Markets and Director of International Finance at W.R. Grace & Co. from 1992 to 1995; Director of International and Corporate Finance at Tupperware Corporation from 1996 to 1997; Treasurer at Breed Technologies, Inc. from 1997 to 1999 and again from 2000 to 2003; and also Vice President and Treasurer at Sunterra Corporation from 1999 to 2000

Mr. Saltarelli obtained a BA in accounting from Seattle University and his MBA from Columbia University, New York. He is accredited as a Certified Public Accounting (CPA) and Certified Internal Auditor (CIA) passing both exams.

Peter Salvatore has been our Vice President and General Manger of Worldwide Field Operations since the acquisition in October 2004. Mr. Salvatore has been with Dresser-Rand since 1989. Prior to that time, he held various management positions with General Electric and Textron. At Dresser-Rand Mr. Salvatore has held leadership positions in materials management, production, aftermarket parts, field services and repair operations. Mr. Salvatore was Vice President of Steam Turbine Aftermarket from 1994-1998. In 1998 he became Vice President of Product Services until 2001. In 2001 he became Vice President of Worldwide Field Services until 2004 where he now is Vice President and General Manager Worldwide Field operations with responsibility for all Field Services, Repair Centers, Field Solutions and Client Training worldwide. Mr. Salvatore earned a BS in Math and Physics from Siena College and an MS in Industrial Administration from Union College's School of Management.