Charles S. Wolley Appointed President of Dresser Measurement

Former Senior Vice President Promoted to Head of Dresser, Inc. Business Unit


DALLAS, Feb. 26, 2002 (PRIMEZONE) -- Dresser, Inc. President and CEO Patrick Murray today announced the appointment of Charles S. Wolley to the position of president of Dresser Measurement, a business unit of Dresser, Inc. Mr. Wolley was previously the senior vice president of the business unit, and will report to Mr. Murray in his new position.

"Charlie has had success throughout his career," said Murray. "His wide-ranging operating experience and leadership skills will be a great asset as we continue to improve performance of this business unit."

Wolley's career in manufacturing started over 25 years ago at Watts Industries, Inc., where he eventually became president of Leslie Controls. In 1996, he joined Dresser Valve and Controls division as general manager of the Masoneilan Avon, Massachusetts, operation and was later promoted to executive vice president of the division. From 1999 to 2001, Wolley served as president and chief executive officer of Van Leeuwen Pipe and Tube in Houston, Texas. In mid-2001 he joined Dresser Measurement as Senior Vice President. Wolley is a graduate of Cornell University, where he obtained a Bachelor of Science degree in Industrial Engineering in 1976.

Headquartered in Dallas, Texas, Dresser, Inc. is a worldwide leader in the design, manufacture and marketing of highly engineered equipment and services sold primarily to customers in the flow control, measurement systems, and power systems segments of the energy industry. Dresser has a widely distributed global presence, with over 8,500 employees and a sales presence in over 100 countries worldwide. The company's website can be accessed at www.dresser.com.



            

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