IN FOCUS

IDEX Corporation announced that George J. Noa, Jr., has been named president of its Knight business unit. Noa, 51, succeeds Paul M. Beldham, who recently was appointed president of IDEX’s Pulsafeeder business headquartered in Rochester, New York. In his new position, Noa will report to Beldham.

IDEX Corporation announced that Paul M. Beldham has been named president of its Pulsafeeder business unit. Beldham succeeds Andrew W. Molodetz, who left the company to pursue other interests. In his new position, Beldham, 47, will report to Rodney L. Usher, vice president – group executive for pump products.

Having seen through the successful integration of the Werner & Pfleiderer, Waeschle and Buss company groups under the umbrella of Coperion, Dr. Hans-Jörg Pfeiffer, President of the Executive Board of Coperion Holding GmbH, Konstanz (Germany) and Head of the Georg Fischer Corporation’s Plant Engineering Group, will retire at the end of August on reaching the age of 64. Hans-Jörg Pfeiffer has declared his willingness to put his industrial experience at the disposal of Coperion and Georg Fischer as an external consultant.

Grundfos’ CEO and Group President, Niels Due Jensen, will turn 60 in the spring of 2003 and as a consequence of that he has decided to retire from his position. The Board of Directors of Grundfos Management A/S have decided to appoint Executive Vice President, Jens Jørgen Madsen (52), as Group President and CEO of Grundfos Management A/S from 1 January 2003.

IDEX Corporation (NYSE: IEX) announced that its Board of Directors has declared a regular quarterly dividend of 14 cents per common share. The cash dividend will be paid on July 31, 2002, to shareholders of record on July 15, 2002.

IDEX Corporation reported that orders, sales and earnings for the three months ended March 31, 2002, were improved from fourth quarter levels but lower than the comparable quarter of last year.

Chairman Louis Giuliano announced that the company is in discussion with the State Environmental Protection Administration (SEPA) in China to sponsor China’s entry into the prestigious Stockholm Junior Water Prize starting in 2003.

On the morning of Wednesday, June 19, Manfred Wolf, a member of the Executive Board of Coperion Holding GmbH, Konstanz (Germany), unexpectedly died of a sudden heart attack at the age of 64. He passed away while taking part in a meeting for the Coperion Group, the Plant Engineering Group of the Georg Fischer Corporation.

STAMFORD, CONNECTICUT Crane Co. (NYSE: CR) reported first quarter 2002 net income of $20.8 million, or $.35 per share, compared with $20.3 million, or $.33 per share, for the first quarter of 2001.

Seneca Falls, NY, May 24, 2002. … Goulds Pumps, one of the fluid businesses of ITT Industries, and its employees have been recognized by the United Way of New York State for its dedication to the community. A special award was presented to Goulds at a ceremony in Albany.