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LAS VEGAS, Oct. 9, 2018/Petroleum Equipment Institute/ -- Petroleum Equipment Institute (PEI) members elected William “Bill” Mascott III, president of Mascott Equipment Co. Inc., vice president of the association. His term will begin Jan. 1.

The association’s board of directors also appointed as treasurer Stephen “Steve” E. Dixon, president and CEO of P.B. Hoidale Co. Inc., effective immediately.

“Bill and Steve have driven success at their companies, and we expect the same from them at PEI,” said Rick Long, executive vice president and general counsel of PEI. “Being a PEI officer is a rewarding commitment, and these gentlemen are eager to get to work on initiatives including PEI’s Latin American outreach. I’m proud to work with them and 2019 PEI President Charlie Burns.”

Mascott, of Portland, Oregon, most recently served as PEI treasurer and was elected during the institute’s 68th annual convention and trade show in Las Vegas. He previously served on the board of directors and executive committee, and he is on the association’s insurance and strategic long range planning committees. His company, Mascott Equipment Co., is a petroleum equipment distributor based in Portland.

Dixon, of Wichita, Kansas, is a three-time member of the association’s education and convention committee. He served on the PEI Executive Committee and board of directors, and he is a former Young Executives member. P.B. Hoidale is a petroleum equipment distributor based in Wichita that began in 1946. 

Founded in 1951, PEI is composed of more than 1,600 companies engaged in manufacturing and distributing equipment used in the fuel and fluid handling industry. Members are located in 50 states and 81 countries. PEI, headquartered in Tulsa, Oklahoma, is the leading authority and source of information for the fuel and fluid handling equipment and services industry. For more information, visit