Lufkin Picks Glick for CEO
Lufkin Industries, Inc. reported that its Board of Directors has formally elected John F. "Jay" Glick, President, to the Chief Executive Officer position effective, March 1, 2008. Mr. Glick, age 55, succeeds Mr. Douglas V. Smith as the CEO. Mr. Smith, age 65, will retain his position as Chairman of the Board of Directors following his retirement from the Company. Mr. Glick started with the Company in 1994 and prior to his promotion to the President's position, served the Company as Vice President and General Manager of the Power Transmission Division and as Vice President and General Manager of the Oilfield Division. Mr. Glick was elected to the Board of Directors in November of 2007.