Monday, Lufkin Industries Inc. (LUFK) announced that John Hofmeister of Houston has been elected to its Board of Directors.
Hofmeister is a former president and U.S. country chair for Shell Oil Company U.S. and a former human resources group director for Royal Dutch/Shell Group in The Hague. Previously he held various marketing, business development and human resources management positions with Allied Signal in Hong Kong and Paris, Northern Telecom and General Electric.
"John is an accomplished executive who has participated in the inner workings of a number of different industries - including the oil and gas industry - for over 35 years. He brings to our board valuable hands-on experience in operations, strategy and organizational effectiveness, as we continue to grow our company and expand and diversify our range of products and services," said John "Jay" Glick, Lufkin's president and chief executive officer.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.