Lufkin Industries Elects Richard R. Stewart to Its Board of Directors
August 07 2009 - 3:42PM
PR Newswire (US)
LUFKIN, Texas, Aug. 7 /PRNewswire-FirstCall/ -- Lufkin Industries,
Inc. (NASDAQ:LUFK) announced today the election of Richard R.
Stewart to its Board of Directors. Mr. Stewart, age 59, brings
significant industry and director experience to Lufkin's Board. He
served as President and Chief Executive Officer of GE Aero Energy,
a division of GE Energy, and as an officer of General Electric
Company, from 1998 until his retirement in December 2006. From 1972
to 1998, Mr. Stewart served in various positions of increasing
responsibility at Stewart & Stevenson Services, Inc., including
Group President and member of the Board of Directors. Mr. Stewart
currently serves on the boards of Kirby Corporation and Eagle
Materials. He has a degree in Finance from the University of Texas.
D.V. Smith, chairman of the board of Lufkin, commented, "We're
extremely pleased to welcome Rick to the Lufkin board. His vast
experience in the energy industry combined with his proven
leadership as both an officer and a director should benefit Lufkin
greatly." Lufkin Industries, Inc. sells and services oil field
pumping units, foundry castings and power transmission products
throughout the world. The Company has vertically integrated all
vital technologies required to design, manufacture and market its
products. Contact: Christopher L. Boone Chief Financial Officer
936-631-2749 DRG&E: Jack Lascar / 713-529-6600 Anne Pearson /
210-408-6321 DATASOURCE: Lufkin Industries, Inc. CONTACT:
Christopher L. Boone, Chief Financial Officer of Lufkin Industries,
Inc., +1-936-631-2749; or Jack Lascar, +1-713-529-6600, or Anne
Pearson, +1-210-408-6321, both of DRG&E, for Lufkin Industries,
Inc. Web Site: http://www.lufkin.com/
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