$1.6 billion Dresser-Rand Group has elected Ray Carney to serve as vice president, controller, and chief accounting officer. He assumes the roles from Lonnie Arnett, who is retiring.

Carney joined Dresser-Rand in August 2008 as corporate controller and has been working with Arnett to transition responsibilities. Carney most recently was with Alcoa, where he was group controller for a $10 billion global division with 27 plants around the world and headquartered in New York City. Prior to his time with Alcoa, he spent 13 years with Ernst & Young.