FONT-SIZE Plus   Neg

Dresser-Rand Appoints Jan Kees Van Gaalen As CFO

Dresser-Rand Group Inc. (DRC) a provider of engineered rotating equipment solutions, Wednesday announced the appointment of Jan Kees van Gaalen as Executive Vice President and Chief Financial Officer, effective May 1. He takes over from Mark Baldwin, whose impending retirement was earlier made public.

Van Gaalen previously worked for Baker Hughes Inc., a public company and provider of drilling, formation evaluation, completion and production products and services to the oil and gas industry, where he served as Vice President and Treasurer.

Commenting on the development, Vincent Volpe, Jr., Dresser-Rand's CEO said, "Jan Kees' knowledge of our industry, along with his strong financial and operational pedigree and vast international experience provides him a solid platform for the role of Chief Financial Officer of Dresser-Rand." and, thanking the retiring CFO said, "...I am also pleased that Mark will be available to assist the company during the transition period with Jan Kees."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cement giant LafargeHolcim (HCMLY.PK, HCMLF.PK), formed by the combination of French Lafarge and Swiss peer Holcim, Wednesday said its sales declined for the third quarter as well as nine months. Apparel retailer Guess? Inc. (GES) on Tuesday reported a drop in profit for the third quarter, as revenues declined 12 percent. Earnings for the quarter trumped Wall Street estimates, while revenues were in line with expectations. Guess' third-quarter profit dropped to $12.4 million or $0.15 per share... Shares of Hewlett-Packard Co. (HPQ) slipped a near 6 percent in extended session on Tuesday after the computer and printer maker reported a fourth-quarter profit and revenues that fell short of Wall Street estimates, hurt largely by continued weak demand for PC. It is for the last time HP is releasing...
comments powered by Disqus
Follow RTT