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Dresser Names Neil H. Thomas As President Of Dresser Wayne

AUSTIN, TEXAS (July 11, 2005)—Energy industry equipment and services supplier Dresser, Inc. has named Neil H. Thomas as worldwide president of its Dresser Wayne division, a leading supplier of fuel dispensers, pumps, peripherals, and point-of-sale and site monitoring systems and software for the retail fueling industry.

Mr. Thomas, who most recently served as president of Dresser Wayne’s North American operations, joined Dresser Wayne in 2003 as vice president of global business development. “Neil has been instrumental in the development of Dresser Wayne’s global strategy and product development,” noted John P. Ryan, president and chief operating officer of Dresser, Inc. “He has been very successful in managing Dresser Wayne’s North American business and has also played a substantial role in the establishment of Dresser Wayne’s operations in China and the recent acquisition and integration of the distribution business of Nuovo Pignone in Europe.”

Prior to joining Dresser Wayne, Mr. Thomas had management positions with Tokheim Corporation, Arthur D. Little Inc. and Chevron Corporation. He has a bachelor’s of science in economics from Cardiff University in the United Kingdom and an MBA from Warwick Business School, also in the United Kingdom.

Mr. Thomas succeeds Mr. Ryan, who was appointed president and chief operating officer of Dresser, Inc. in December 2004.

About Wayne Fueling Systems

Wayne Fueling Systems is one of the world’s largest suppliers of fuel dispensers, payment terminals, forecourt control devices, point-of-sale and other measurement and control solutions to the retail and commercial fueling industry. Wayne has been at the forefront of innovation since it was founded in 1891 and is responsible for many of the breakthrough technologies that have transformed fuel retailing. Through a global network of distributors and service partners, Wayne products are sold and supported in over 140 countries around the world. Headquartered in Austin, Texas, Wayne also has major design and assembly operations in Sweden, Brazil and China. www.wayne.com

7/11/2005 8:00:00 AM