IDEX Corporation Appoints Michael Schneider As President Of Liquid Controls, Inc.

04.06.2002

NORTHBROOK, Ill., April 3 /PRNewswire-FirstCall/ -- IDEX Corporation (NYSE: IEX) today announced that Michael Schneider has been named president of Liquid Controls. Schneider, 38, succeeds Frederick G. Wacker III, who has decided to leave the company for personal reasons.

In his new position, Schneider will report to Rodney L. Usher, vice president - group executive for the pump businesses.

Commenting on the leadership change, Usher said, "Mike has held a variety of progressively responsible positions in the finance area during his eight years with Liquid Controls and has extensive experience prior to that at Ernst & Young. He knows the business and marketplace well, and his skills and experience, combined with the solid management team in place, will help Liquid Controls to continue to build on the strong position it currently enjoys.

"We are indebted to Fred for his leadership both in establishing a strong, growing company and organization, and in managing an efficient, successful transition into IDEX," Usher added. "We will miss his leadership and wish him well in his future endeavors."

Schneider holds an undergraduate degree in accounting from Loyola University and a master's degree in business administration from Northwestern University.

Liquid Controls, Inc. is a leading provider of positive flow measurement, pumps, and accessories under the Liquid Controls and Corken brand names, with operations in Lake Bluff, Illinois; Oklahoma City, Oklahoma; Lucca, Italy; Montagnana, Italy; and Vadodara, India.

About IDEX

IDEX Corporation is a manufacturer of proprietary pump products, 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.

For further information on IDEX Corporation and its business units, visit the company's Web site at

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