Power Engineering - PennWell names chief financial officer

TULSA, Jan. 26, 2004 -- PennWell Corporation, a global business-to-business publisher and organizer of conferences and exhibitions, has elected Mark C. Wilmoth as Chief Financial Officer and Senior Vice President.

An executive with 21 years financial management experience, Wilmoth will report to PennWell President and Chief Executive Officer Robert F. Biolchini at PennWell's corporate offices in Tulsa.

Wilmoth joins PennWell following a four-year career as Senior Vice President of Finance and Chief Financial Officer of California-based Thales Navigation, S.A., a French-owned Company that provides Global Positioning Systems (GPS) technology for consumer, commercial and automotive markets.

Prior to joining Thales, Wilmoth served as Vice President of Finance, Treasurer and Chief Financial Officer for Lowrance Electronics in Tulsa, a manufacturer of GPS and aviation instruments. Wilmoth's earlier experience included progressively responsible positions in Tulsa at Arthur Anderson, Braden Steel Corporation and RCL Companies. He is a graduate of Harding University and a Certified Public Accountant.

Biolchini said, "Mark Wilmoth is a proven financial executive with historic roots in Tulsa and Oklahoma. We are pleased to welcome him back and have him join PennWell. Mark offers our Company seasoned international experience in accounting and finance, a prerequisite for expanding our 45 magazines and 59 conferences and exhibitions worldwide. Mark's expertise will accelerate development of our internet operations and new information products and conferences and exhibitions for the global industries we serve."

Headquartered in Tulsa since 1910, PennWell is a highly diversified media and information company providing 45 authoritative print and online publications, 59 conferences and exhibitions, research, databases, online exchanges and other information products to strategic global markets. Markets served by PennWell include oil and gas, electric power, electronics, semiconductor manufacturing, optoelectronics, fiber optics/communications, computer graphics, enterprise storage, control technology, water and wastewater, fire and emergency medical services, and dental. PennWell has regional offices in Houston, Texas, Nashua, New Hampshire, Seattle, Washington, Fair Lawn, New Jersey, and other U.S. cities. International offices are located in London, England, Schwäbisch Gmünd, Germany, Moscow, Russia and Hong Kong, P.R.C. PennWell also has publishing, licensing and conference partners in Singapore, Japan, Taiwan, Korea, China, India, Argentina, Brazil, Venezuela and France.

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