Lufkin's VP, Treasurer and CFO to Retire in May 2008

Lufkin Industries, Inc. reported that Robert D. Leslie, Vice President, Treasurer and Chief Financial Officer, plans to retire effective May 7, 2008. Mr. Leslie, age 62, began his service with the Company in October 1992. The Board has identified Christopher L. Boone, Corporate Controller, to succeed Mr. Leslie as the Company's Vice President, Treasurer and Chief Financial Officer following Mr. Leslie's retirement. Mr. Boone has been an employee of the Company since 1993 and Corporate Controller of the Company since 1999.

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