TB Wood's Corporation Announces Retirement of Michael L. Hurt, President and Appointment of James R. Swenson as Interim CEO

TB Wood's Corporation Announces Retirement of Michael L. Hurt, President and
Appointment of James R. Swenson as Interim CEO 


CHAMBERSBURG, Pa., Nov. 7  /PRNewswire-FirstCall/ -- TB Wood's Corporation 
announced that Michael L. Hurt, its President and Chief Executive Officer, will
retire, effective November 14, 2003, and that James R. Swenson has been
appointed Interim Chief Executive Officer.  Mr. Hurt has agreed to be a
consultant to the Company but will resign as a director of the Company.  Mr.
Swenson, a current member of the Board of the Directors of the Company, has been
active in the industrial power transmission industry for his entire career.

The Board of Directors expresses its appreciation to Mike for all the
significant contributions that he made to TB Wood's during his almost thirteen
years of leadership.  The Board wishes him an enjoyable, long and healthy
retirement.

TB Wood's (http://www.tbwoods.com/) is an established designer, manufacturer and
marketer of electronic and mechanical industrial power transmission products,
which are sold to North American and international manufacturers and users of
industrial equipment.  Headquartered in Chambersburg, Pennsylvania, the Company
operates production facilities in the United States, Mexico, Germany, Italy and
India.

This press release contains statements that are forward-looking within the
meaning of applicable securities laws.  These statements include or imply
projections of future performance that are based upon the Company's expectations
and assumptions.  These expectations and assumptions, as well as the Company's
future performance are subject to a number of risks and uncertainties.  Factors
that could cause actual results to differ from projected results are discussed
in various of the Company's documents filed with the SEC.

Contact:  Joseph C. Horvath, Chief Financial Officer

717-264-7161 Extension 4465 

DATASOURCE: TB Wood's Corporation



CONTACT:  Joseph C. Horvath, Chief Financial Officer, TB Wood's

Corporation, [phone] Extension 4465



Web site:  http://www.tbwoods.com/ 

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