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INDRESCO INC. MAKES ANNOUNCEMENT

 DALLAS, May 20 /PRNewswire/ -- INDRESCO Inc. (NYSE: ID) announced today that Gene E. Leeson, senior vice president-administration, was promoted to the position of executive vice president-corporate development of the company. Leeson will be responsible for directing the changes in strategic direction of the company, including an active growth oriented acquisition program. Leeson will report to the chairman and CEO Ralph W. Ytterberg and will continue to be responsible for the investor relations, human resources and legal functions of the company in addition to his new responsibility.
 It was also announced today that Donald C. l?ke would join the company as senior vice president-chief financial officer, also reporting to Ytterberg. In this role, Mielke will be responsible for all of the financial affairs of the company including the accounting, treasury and secretarial functions.
 Mielke comes to INDRESCO with a wealth of experience and background having served as senior vice president-chief financial officer and treasurer of Maxus Energy and prior to that as vice president-treasurer of Diamond Shamrock. Mielke will be a major addition to the top management of INDRESCO and will contribute extensively to the growth potential of the company.
 INDRESCO provides products essential to basic industrial production and infrastructure development through three business segments: Mining and Construction Equipment, Air Equipment, and Minerals and Refractory Products.
 -0- 5/20/93
 /CONTACT: Gene E. Leeson of Indresco Inc., 214-953-4505/
 (ID)


CO: INDRESCO Inc. ST: Texas IN: MNG SU: PER

TM -- NY114 -- 1002 05/20/93 18:05 EDT
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Publication:PR Newswire
Date:May 20, 1993
Words:247
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