PMFG, Inc. (Parent of Peerless Mfg. Co.) Appoints Peter Burlage as Chairman and Robert McCashin as Lead Director

PMFG, Inc. (Parent of Peerless Mfg. Co.) Appoints Peter Burlage as Chairman
and Robert McCashin as Lead Director

DALLAS, Feb. 6, 2014 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company")
(Nasdaq:PMFG) today announced that the Board of Directors ("Board") elected
Peter Burlage, the Company's President and Chief Executive Officer, as
Chairman of the Board and Robert McCashin as Lead Director. The role of
Chairman was vacated when Mr. Sherrill Stone retired from the Board in January
of this year.

The Company's governance documents provide the Board with flexibility to
select the appropriate leadership structure for the Company. In making
leadership structure determinations, the Board considers many factors,
including the specific needs of the business and what is in the best interests
of the Company's stockholders. The Board combined the roles of Chairman of the
Board and Chief Executive Officer, as well as created the role of a Lead
Director to be filled by a current independent director. The Board believes
this structure balances strong Company leadership and appropriate safeguards
and oversight by independent Directors. Mr. Burlage said, "I am excited to
work with Bob in his new role as Lead Director.He is extremely well suited
for this position.I also am looking forward to working even more closely with
all members of the Board in my new role as Chairman."

Mr. McCashin commented, "The Board considered a number of governance models
before deciding to combine the roles of Chairman and Chief Executive Officer
and adding the role of a Lead Director. Peter's experience with the Company
and industry, combined with active participation from the independent
directors, make this direction an appropriate change in the Company's
governance. I am honored to be elected as Lead Director. I look forward to
serving in this important strategic and governance role."

About PMFG

PMFG is a leading provider of custom-engineered systems and products designed
to help ensure that the delivery of energy is safe, efficient and clean.PMFG
primarily serves the markets for power generation, natural gas infrastructure
and petrochemical processing.Headquartered in Dallas, Texas, PMFG markets its
systems and products worldwide.

CONTACT: Mr. Peter J. Burlage, Chief Executive Officer
         Mr. Ronald L. McCrummen, Chief Financial Officer
         PMFG, Inc.
         14651 North Dallas Parkway, Suite 500
         Dallas, Texas 75254
         Phone: (214) 357-6181
         Fax: (214) 351-4172
         www.peerlessmfg.com
         or
         Shawn Severson
         The Blueshirt Group
         Managing Director, Energy Technology Practice
         Phone: (415) 489-2198
         Email: shawn@blueshirtgroup.com

PMFG, Inc.
 
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