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IDEX Corporation Appoints Kimberly K. Bors as Vice President – Human Resources; Jerry N. Derck Retiring

07.01.2003

IDEX Corporation (NYSE: IEX) today announced that Kimberly K. Bors, 42, has been appointed vice president - human resources for the corporation. She replaces Jerry N. Derck, 55, who retires at the end of January. Bors will report to Dennis K. Williams, IDEX's chairman, president and chief executive officer.

Commenting on the leadership change, Williams said, "Kim brings us very strong skills in process management, operations, and human resources. We are confident that she will continue to build on the strong foundation - particularly in labor relations and executive development - that Jerry leaves as he retires. We are indebted to Jerry for his significant contributions to IDEX, and he has our best wishes as he retires."

Bors' most recent position was as vice president, people and process integration for Brunswick Corporation's Boat Group. She has 17 years of increasingly responsible positions in human resources and line operating experience at Brunswick, Browning Ferris Industries, Pennzoil, and Outboard Marine Corporation, where she served a two-year assignment as president and general manager of the Chris-Craft Boat Division.

Bors holds an undergraduate degree in organizational behavior and management and an M.B.A. from the University of Houston.

About IDEX Corporation

IDEX Corporation is a manufacturer of proprietary pumps and metering products, dispensing equipment and other engineered products with leading positions in niche markets. Its products are sold to a wide range of industries throughout the world. IDEX shares are traded on the New York Stock Exchange and Chicago Stock Exchange under the symbol "IEX."

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