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Lufkin Industries Announces Promotion of Larry Hoes to Executive VP and COO

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April 30, 2006—Lufkin Industries promoted Larry M. Hoes to executive vice president and COO.

Hoes has been an executive officer since 1996. In his new position , he will manage the operations of the Oil Field Division directly, including foundry operations. All vice presidents/general managers of the power transmission and trailer division will report to him.

?I am pleased to announce the promotion of Larry Hoes, a veteran Lufkin executive officer who has led the substantial growth of our oil field division into a position of worldwide industry leadership,? says Douglas V. Smith, Lufkin's president and CEO.