Executive Leadership Team Bios

Paulo Sternadt Ruiz Chief Executive Officer

Paulo Sternadt Ruiz was appointed Chief Executive Officer in October 2017. From December 2016 to October 2017, he was Executive Vice President Global Solutions responsible for Program Management Operations, Project Management for complex Solutions projects, E-House and Modules (EHM) Operations, Brazil Energy Assets, and Regional Business Coordination / Localization. Previously, Mr. Ruiz was Vice President Strategic Business Development and Commercialization and was responsible for determining product, solution and alliance approaches to address evolving and emerging Oil and Gas markets and client needs.

Mr. Ruiz first joined Siemens in 1996. He spent seven years in the Automotive Business in Italy, UK and Brazil. He has more than 13 years of extensive product line experience with Siemens in multiple global roles in Brazil, Mexico and Germany. He was Chief Executive Officer of the Energy Management business segment of Bushings, Instrument Transformers and Coils. In this role, Mr. Ruiz had total global profit and loss responsibility including research and development, sales, marketing, purchasing, and 11 manufacturing sites. Prior to his leadership positions in Germany, he worked for Siemens in Brazil before becoming the Energy Management Division Cluster Lead in Mexico. He also worked for Fiat Group in Italy, England and Brazil.

Mr. Ruiz earned a Master of Business Administration degree from Fundação Dom Cabral in 2006 and also holds a degree in Electrical Engineering from F.E.I. University.

Matthew Chinn Executive Vice President, New Equipment Sales and Customer Operations

Matthew Chinn was appointed Executive Vice President of New Equipment Sales and Customer Operations for the Dresser-Rand Business in May 2017. In this role, he has worldwide responsibilities for new equipment solutions and customers operations. Mr. Chinn is also the Head of Siemens Oil and Gas Market Development Board which includes responsibility for leading the Siemens Corporate Account Managers (CAM) organization which is responsible for managing and facilitating strategic relationships across the broader Siemens enterprise. Mr. Chinn has been with Siemens since 2000 in a variety of leadership positions. His roles include Managing Director Energy Sector North West Europe, Vice President European Power Service Business, and Vice President Global Gas Turbine Service Business.

Prior to joining Siemens, Mr. Chinn held positions with Westinghouse Power Plant Sales and Energy Service.

Mr. Chinn earned a Master in Business Administration degree at the University of Leicester.

Pascal Lardy Executive Vice President, Global Operations

Pascal Lardy was named Executive Vice President, Global Operations in January 2016. In this role, Dr. Lardy has worldwide responsibility for the company’s manufacturing and packaging operations. Pascal is also Dresser-Rand’s Vice President and General Manager, European Operations (January 2014) and has responsibility for Global Value Engineering. Previously, Mr. Lardy served as Vice President, Technology Development and Commercialization (February 2012) and Business Development Director, ICS Technology (January 2010). Dr. Lardy joined Dresser-Rand in January 2007 as Vice President and General Manager of the company’s Le Havre Operation in France.

Prior to joining Dresser-Rand, Dr. Lardy held various executive leadership positions in Sales and Operations at Aircelle, a subsidiary of Safran , specializing in nacelles for the aircraft industry, and technical and program leadership positions at Goodrich, specializing in servo-controls for the aircraft industry.

Dr. Lardy earned a Bachelor of Science in Mechanical Engineering from Ecole Nationale Supérieure de Mécanique et d’Aérotechnique, two Bachelor of Science degrees in Mathematics from the University of Paris VI, a Master’s degree from the von Karman Institute, a PhD from University of Manchester Institute of Science and Technology and a PhD from the University of Poitiers. Dr. Lardy also earned a Master of Business Administration (“Certificat d’Aptitude à l’Administration des Entreprises”) from the University of Poitiers.

Jesus Pacheco Executive Vice President, Technology and Innovation

Jesus Pacheco was appointed Executive Vice President, Technology and Innovation in December 2016. In this position, he is responsible for Digitalization, Product Management and Systems Technology, Research and Development, Innovation, Emerging Technologies, Technology Architecture, Commercial Solutions, and Business Development and Commercialization of Integrated Solutions. Previously, Mr. Pacheco was Executive Vice President, New Equipment Worldwide, a position he held since June 2007.

Mr. Pacheco has nearly 35 years of experience in the global energy industry. He started his professional career in 1982 with a major oil and gas operator in Venezuela, where he served in Predictive Maintenance, and later as a Technical Advisor for rotating equipment for compression, pumping, processing and power generation oil and gas facilities. He has been with Dresser-Rand Group Inc., its affiliates and predecessor companies to the business since 1990. He 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, Africa and the Middle East) based at the Le Havre, France manufacturing facility.

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 earned a Bachelor of Science degree in Mechanical Engineering and a Bachelor of Science degree in Economics, both from the University of Michigan.

Martin Welter Chief Financial Officer

Martin Welter was appointed Chief Financial Officer for Dresser-Rand in June 2017. Previously, Mr. Welter was Chief Financial Officer for the Business Unit Distributed Generation Services, a position he held since 2008. There, he was globally responsible for the Business Unit’s financial and business administration matters.

Mr. Welter has held a wide range of management positions with Siemens in Germany, China and Malaysia; including Senior Vice President Power Generation Malaysia and Chief Financial Officer for Business Segment Oil & Gas. Earlier in his career he held a variety of roles in business administration, treasury and procurement within Siemens.

Mr. Welter is a graduate of Siemens’ Financial Management Trainee Program and holds a Bachelor of Business Economics degree from Utrecht University.