Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Dresser-Rand Names New CFO

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Houston-based Dresser-Rand Group (NYSE: DRC  ) has settled on a replacement for departing CFO Mark Baldwin. The company announced Wednesday that effective May 1, Jan Kees van Gaalen will fill the role.

Van Gaalen joins Dresser from oil-field services giant Baker Hughes, where he served in the capacity of company Treasurer. He is fluent in English, German, Dutch, Portuguese, French, and Spanish and earned an undergraduate degree from the prestigious Erasmus University in Rotterdam as well as a French MBA.

How much will Dresser pay for a CFO with such impeccable credentials? Not a pittance, certainly, but as much as you might think for a company of Dresser's size. According to an 8-K filing on the subject, van Gaalen will receive an annual base salary of $402,000, plus:

  • an annual bonus targeting 60% of base salary
  • $700,000 in restricted stock units and stock options

"Luckily" for him, though, those stock grants appear to be growing in number at constant dollar value, as Dresser-Rand shares are caught in a downdraft. The shares shed 4.5% of their value yesterday, and are down a further 1.6% in Thursday trading at roughly $57.09 per share.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2346810, ~/Articles/ArticleHandler.aspx, 9/30/2016 6:41:21 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 9 hours ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

3/2/2015 4:01 PM
DRLC.DL $81.43 Up +0.09 +0.00%
Dresser-Rand Group CAPS Rating: ****