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.