Lufkin Industries Inc. (LUFK) announced that its board has elected John "Jay" Glick, President, to the Chief Executive Officer position effective, March 1, 2008. Glick succeeds Douglas Smith as the CEO. Smith will retain his position as Chairman of the Board of Directors following his retirement from the Company. 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. Glick was elected to the Board of Directors in November of 2007.
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