MISSION WOODS, Kan., Jul 10, 2003 (BUSINESS WIRE) -- Layne Christensen Company (Nasdaq:LAYN) today announced the resignation of Edward A. Gilhuly and Todd A. Fisher from Layne Christensen Company's Board of Directors. Andrew B. Schmitt, Layne Christensen Company, President and Chief Executive Officer, stated: "We have been very fortunate to have had such a long association with Ned, Todd and their firm Kohlberg Kravis Roberts & Co. It has been a good and productive relationship. We thank them for their invaluable advice, guidance and stewardship in service of the Company and wish them continued success."
Layne Christensen also announced the election, at its Annual Meeting of Stockholders, of David A. B. Brown to its Board of Directors. Mr. Schmitt commented further: "David has been president of The Windsor Group, a consulting firm that focuses on energy related issues facing oilfield services and engineering companies, since 1984. He currently serves on the board of directors of EMCOR Group, Inc., Mission Resources Corporation, NS Group, Inc. and Pride International, Inc. David brings over 22 years of energy related experience with him to Layne Christensen's Board of Directors which will be most valuable in our efforts to develop and expand our energy related businesses."
Layne Christensen Company provides sophisticated services and related products for the water, mineral, construction and energy markets.
SOURCE: Layne Christensen Company
Layne Christensen Company Jerry W. Fanska, 913-677-6858
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