Resignation Of Henry H. King as Director |
| Thursday
November 14 2002, 9:00 am Eastern Time Company Press Release Lufkin Industries Announces Resignation Of Henry H. King as DirectorLUFKIN, Texas, November 14 -- Lufkin Industries, Inc. (Nasdaq: LUFK) today reported that Henry H. King, a director since 1990, has tendered his resignation as a member of the Board of Directors for health reasons. Douglas V. Smith, president and chief executive officer, remarked, "We at Lufkin have benefited from Mr. King's service over the last 12 years and are reluctant to lose such a noteworthy member of our board. Mr. King has made contributions in every capacity but particularly in the areas of organizational planning and corporate governance. On behalf of Lufkin's employees and shareholders, we offer him our sincere appreciation for his Board membership and wish him well." Lufkin Industries, Inc. sells oil field pumping units, power transmission products, foundry castings, and highway trailers throughout the world. The Company has vertically integrated all vital technologies required to design, manufacture, and market its products. Contact: Lufkin Industries Inc.,
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