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Steve Henry Retiring in August

May 7, 2006

Steve Henry, vice president of sales for Gilbarco Veeder-Root, has confirmed that he will leave Gilbarco Veeder-Root at the end of August. He will be fulfilling a long-time goal of running his own business out of his home state of Florida. Henry will continue to lead the sales team until his departure, working closely with his replacement for a smooth transition.

"Steve Henry led the Gilbarco Veeder-Root sales force for six years and played a key role in the company's growth over that time," said Martin Gafinowitz, president for Gilbarco Veeder-Root. "Steve had originally intended to retire in December of 2005 but agreed to stay on to help lead the North American business through changes in other areas. We will miss his leadership skills and ability to develop strong relationships with customers and distributors, as well as his focus on sales team development," noted Gafinowitz.

"Gilbarco Veeder-Root has the best team of customers, distributors and salespeople in the industry," said Henry. "2006 has been a great year already; we appreciate your business so far, and look forward to working with you for a smooth transition."

With a continued focus on building a strong leadership team, Gilbarco has hired Keith Moye to take the role of vice president of sales upon Henry's departure. Keith comes to us via General Electric Company's Sensing Division, where he was serving as general manager, sales, Americas. He will start with the company on May 8, undergo a three-month Danaher training program and assume his new role at the end of July. During this time Keith will be primarily engaged in his on-boarding process and will not assume any Gilbarco Veeder-Root responsibilities until this program is complete. Steve Henry will retain all of his current responsibilities and full control of the sales organization until then.

Gafinowitz added, "It is not time to say farewell to Steve yet. He will be with us for over 3 more months, doing what he does best - leading our sales team and driving to exceed our Q3 sales targets and customer expectations."



   
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