Roper Industries, Inc. Announces Two New Executives

Apr 02, 2001, 01:00 ET from Roper Industries, Inc.

    BOGART, Ga., April 2 /PRNewswire/ -- Roper Industries, Inc. (NYSE:   ROP)
 announced that two new executives began employment with the company effective
 today.
     C. Tom O'Grady has commenced employment as Vice President of Corporate
 Development, a new position that was announced as a part of enhancing the
 Company's management capabilities.  Mr. O'Grady was most recently Director of
 Mergers and Acquisitions for FMC Corporation, where he has worked for the past
 eight years.  Mr. O'Grady brings significant experience to Roper Industries as
 the head of the new Corporate Development Group.
     Chris Hix has joined the Company as Director of Investor Relations to
 replace Don Templeman who, after a brief transition period, will be moving to
 the Corporate Development group to support Mr. O'Grady.  For the past two
 years Mr. Hix, who was previously employed by Roper, was CFO and Vice
 President of Customer Support for Somero Enterprises, Inc.  Prior to Somero
 Enterprises Mr. Hix spent eight years at Roper after joining the Company in
 1991 as Vice President and Controller of its Amot Controls division.  He then
 moved to its Compressor Controls division in 1996 as CFO and Vice President of
 Manufacturing.
     Derrick Key, Chairman, President and CEO of Roper Industries, commented on
 the appointments, "Late last year we announced that we would be strengthening
 our executive management team by adding significant resources to our Corporate
 Development Group.  We have projected that we will have $450 million available
 for acquisitions over the next three years, and must therefore ensure that we
 have the resources available to continue our highly disciplined acquisition
 program and maintain our high returns.  I am pleased that we are announcing
 the addition of two very capable people in Tom and Chris, and look forward to
 their significant contributions to the team."
     For additional information on Roper Industries, and to register to receive
 Company press releases via e-mail, visit the Company's website at
 www.roperind.com .
 
     The information provided in this news release, in other Company filings
 with the Securities and Exchange Commission, including its Annual Report on
 Form 10-K for the year ended October 31, 2000, and in other press releases and
 public disclosures contains forward-looking statements about the Company's
 businesses and prospects as to which there are numerous risks and
 uncertainties which are generally beyond the Company's control.  Some of these
 risks include the level and timing of future business with Gazprom and other
 Eastern European customers, changes in interest and exchange rates, market
 conditions including a potential economic slowdown and the future operating
 results of the newly acquired companies.  There is no assurance that these and
 other risks and uncertainties will not have an adverse impact on the Company's
 future operations, financial condition, or financial results.  Roper does not
 undertake any obligation to update any forward-looking statements.
 
     Roper Industries, Inc. is an international manufacturer of analytical
 instrumentation, industrial controls and fluid handling products.
 
 

SOURCE Roper Industries, Inc.
    BOGART, Ga., April 2 /PRNewswire/ -- Roper Industries, Inc. (NYSE:   ROP)
 announced that two new executives began employment with the company effective
 today.
     C. Tom O'Grady has commenced employment as Vice President of Corporate
 Development, a new position that was announced as a part of enhancing the
 Company's management capabilities.  Mr. O'Grady was most recently Director of
 Mergers and Acquisitions for FMC Corporation, where he has worked for the past
 eight years.  Mr. O'Grady brings significant experience to Roper Industries as
 the head of the new Corporate Development Group.
     Chris Hix has joined the Company as Director of Investor Relations to
 replace Don Templeman who, after a brief transition period, will be moving to
 the Corporate Development group to support Mr. O'Grady.  For the past two
 years Mr. Hix, who was previously employed by Roper, was CFO and Vice
 President of Customer Support for Somero Enterprises, Inc.  Prior to Somero
 Enterprises Mr. Hix spent eight years at Roper after joining the Company in
 1991 as Vice President and Controller of its Amot Controls division.  He then
 moved to its Compressor Controls division in 1996 as CFO and Vice President of
 Manufacturing.
     Derrick Key, Chairman, President and CEO of Roper Industries, commented on
 the appointments, "Late last year we announced that we would be strengthening
 our executive management team by adding significant resources to our Corporate
 Development Group.  We have projected that we will have $450 million available
 for acquisitions over the next three years, and must therefore ensure that we
 have the resources available to continue our highly disciplined acquisition
 program and maintain our high returns.  I am pleased that we are announcing
 the addition of two very capable people in Tom and Chris, and look forward to
 their significant contributions to the team."
     For additional information on Roper Industries, and to register to receive
 Company press releases via e-mail, visit the Company's website at
 www.roperind.com .
 
     The information provided in this news release, in other Company filings
 with the Securities and Exchange Commission, including its Annual Report on
 Form 10-K for the year ended October 31, 2000, and in other press releases and
 public disclosures contains forward-looking statements about the Company's
 businesses and prospects as to which there are numerous risks and
 uncertainties which are generally beyond the Company's control.  Some of these
 risks include the level and timing of future business with Gazprom and other
 Eastern European customers, changes in interest and exchange rates, market
 conditions including a potential economic slowdown and the future operating
 results of the newly acquired companies.  There is no assurance that these and
 other risks and uncertainties will not have an adverse impact on the Company's
 future operations, financial condition, or financial results.  Roper does not
 undertake any obligation to update any forward-looking statements.
 
     Roper Industries, Inc. is an international manufacturer of analytical
 instrumentation, industrial controls and fluid handling products.
 
 SOURCE  Roper Industries, Inc.