The board of directors at Lufkin Industries Inc. has elected John (Jay) F. Glick as president of the company. Glick has been a senior officer at Lufkin since 1994. He has served as vice president and general manager of both the oilfield and power transmission divisions.

Glick succeeds Douglas V. Smith, who has served as president at Lufkin since January 1993. Smith will retire March 1, 2008, but will continue to serve as chairman of the board following his retirement.

“We welcome Jay to his new position at Lufkin, which reflects his broad industry experience and the outstanding job he has done at Lufkin. We look forward to his contributions to the continued long-term growth of the company,” says Smith.

Lufkin Industries Inc. sells and services oil field pumping units, foundry castings, power transmission products and highway trailers globally.

For more information:

Lufkin Industries Inc.

601 S. Raguet

Lufkin, TX 75902-0849

Phone: (936) 634-2211

Fax: (936) 637-5272

Web: www.lufkin.com