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

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.