TAMPA, Fla., Nov. 5 /PRNewswire/ -- Walter Industries, Inc. (NYSE: WLT) announced today that Larry E. Williams has been named Walter Industries' new Senior Vice President - Human Resources.

Most recently, he was Senior Vice President/Human Resources in Englewood, Colorado for CoBank, a $29 billion global organization. Before joining CoBank, he held senior human resources positions at Citicorp, Seminole Electric, American Express and GTE. Mr. Williams also previously worked at Walter Industries in 1978-79 as Human Resources Manager.

Mr. Williams, who holds a degree in industrial management from Georgia Tech, will play a key role in defining and driving such key issues as staffing, organizational development, compensation and benefits, as well as supporting the Company's internal Commitment to Excellence initiative, which involves its vision and values, operational excellence and strategy.

"Larry is an excellent addition to the Company's senior management team," said Don DeFosset, Walter Industries' President and Chief Executive Officer. "Our people are our most important asset, and Larry will help us towards our goal of providing a meaningful career for each of our employees."

Walter Industries, Inc. is a diversified Company with four principal operating businesses and revenues of $2.0 billion. The Company is a leader in homebuilding and home financing; water transmission products; energy services and specialty aluminum products. Based in Tampa, Florida, the company employs approximately 6,700.

For additional news on the company or investor information please contact Joe Troy, Senior Vice President and Treasurer, Walter Industries at (813) 871-4404 or visit the corporate Web site at www.walterind.com.

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SOURCE Walter Industries, Inc.
Web site: http: //www.walterind.com
CONTACT: Joe Troy, Senior Vice President and Treasurer, Walter Industries, +1-813-871-4404