DALLAS, April 1 /PRNewswire/ -- Sheldon R. Erikson, Chairman of the Board,
President and Chief Executive Officer of Cooper Cameron Corporation has been
nominated for election as a director of Global Industrial Technologies, Inc.
(NYSE: GIX) at Global's annual meeting on May 28, 1999. The position for
which Mr. Erikson has been nominated is currently filled by Samuel B. Casey,
Jr. who will retire as a director effective the date of the annual meeting.
"We are delighted that Mr. Erikson has agreed to join the Board. His long
experience in industry and management and with mergers and acquisitions makes
him uniquely qualified to provide our Company with independent judgment and
counsel," said Rawles Fulgham, Global's Chairman and Chief Executive officer.
"Just as we look forward to welcoming Mr. Erikson as a Board member, I speak
on behalf of my fellow directors in expressing our thanks and gratitude to Sam
Casey for his many years of service to our company. His wisdom and insights
will be missed."
Mr. Erikson, 57, has been Chairman of the Board of Cooper Cameron
Corporation since 1996, and President and Chief Executive Officer since
January 1995. Prior to that he was Chairman of the Board and Chief Executive
Officer of The Western Company of North America, a worldwide petroleum service
company engaged in pressure pumping, well stimulating and cementing, and
offshore contract drilling, until its merger with BJ Services Company. He was
also President of Joy Petroleum Equipment Group of Joy Manufacturing Company;
served as President of the Oilfield Services Group of NL Industries, Inc.; as
well as Executive Vice President and Chief Operating Officer of Digicon, Inc.;
Group Vice President of the Plastic and Chemicals Group of Hoover Universal
Corporation; and General Manager of the Mining Products Department of General
Electric Company.
Mr. Erikson is also a director of Triton Energy Corporation and Layne
Christensen Company.
Cooper Cameron Corporation is a leading international manufacturer of oil
and gas pressure control equipment, including valves, wellheads, chokes,
blowout preventers and assembled systems for oil and gas drilling, production
and transmission used in onshore, offshore and subsea applications. Cooper
Cameron is also a leading manufacturer of gas turbines, centrifugal
compressors, integral and separable reciprocating engines and compressors,
turbochargers and air compressors.
Global is a major manufacturer of technologically advanced industrial
products that support high-growth markets around the world. Products include
forged flanges; undercarriage parts for track-mounted vehicles; modular cells
for refining nonferrous metals; premium refractories for lining heat-
containing industrial vessels such as steel furnaces; raw materials used to
make refractory products; processing and recycling equipment.
Global Industrial Technologies, Inc. (the "Company") and certain other
persons named below may be deemed to be participants in the solicitations of
proxies against the proposals of WHX Corporation. The participants in this
solicitation may include (i) the directors of the Company: David H. Blake,
Richard W. Vieser, Samuel B. Casey, Jr., Rawles Fulgham and Graham L. Adelman
and (ii) the following executive officers and employees of the Company:
Rawles Fulgham (Chairman and Chief Executive Officer), Graham L. Adelman
(President and Chief Operating Officer), Alfred L. Williams (Senior Vice
President and Chief Financial Officer), Donna Reeves (Vice President and
Controller), Jeanette H. Quay (Vice President, General Counsel and Secretary),
James Alleman (Vice President-Human Resources), and George Pasley (Vice
President-Communications), Juan M. Bravo (Vice President). As of the date of
this communication, none of the foregoing participants individually
beneficially own in excess of .1% of the Company's common stock or in the
aggregate in excess of 2% of the Company's common stock.
SOURCE Global Industrial Technologies, Inc.
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Company News On-Call:
http://www.prnewswire.com/comp/422169.html or fax,
800-758-5804, ext. 422169
CONTACT:
George Pasley, V. P. Communications of Global
Industrial Technologies, Inc., 214-953-4510
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