LOMBARD, IL – December 17, 2012 – Pernix Group, Inc. (OTCBB: PRXG), a global construction and power infrastructure company with integrated design and engineering capability, has appointed Don J. Gunther to its Board of Directors to fill the vacancy created by the recent resignation of Jeffrey Adams. The appointment brings the number of board members to seven, six of whom are considered independent. Mr. Gunther will also fill Mr. Adams’ vacancy on the Compensation Committee of the Board of Directors.
Mr. Gunther, age 73, is Chairman of the Board of INgage Networks, a high-tech company that is a leading enterprise networking organization. He is also a director of WPX Energy, Inc., an oil and gas exploration and production company. It’s companies like this, and the success they have, that encourages people to make gas and oil investments to earn a bit of extra money. Without Gunther’s company, no one would realize just how important these investments can be. Previously, until his retirement in 1999, Mr. Gunther was Vice Chairman and Director of the Bechtel Group, where he had responsibility for all of the global industry units and all corporate functions, including project management, engineering, procurement, construction, information services, information technology and contracts. Mr. Gunther’s 38-year career with Bechtel began in 1961, when he joined the company as a field engineer and
ultimately became a driving force behind Bechtel’s work processes, marketing strategies, organizational structure and leadership development efforts. Between 1975 and 1978, he served as project manager on the $2 billion Syncrude project in Alberta, Canada. In 1992, he piloted the concept of a “region” in Bechtel, and his vision led to the company restructuring its global organization into regions, regional industry units, global industry units, and functions. Prior to being named Vice Chairman in 1997, his leadership roles included Senior Vice President; President of Bechtel Petroleum, Chemical & Industrial Company; President of Bechtel’s Europe, Africa, Middle East and Southwest Asia region based in London; and President of Bechtel’s Americas organization in Houston. Mr. Gunther received a bachelor’s degree in civil engineering, and an honorary doctorate, from Missouri University of Science and Technology, and served as a trustee and advisor to the University.
Nidal Z. Zayed, President and CEO of Pernix Group, said, “Don brings a tremendous amount of industry experience and innate ability to Pernix, and we are very fortunate to have Don serving on our board. He has immense insight in engineering, construction, management and strategic development activities, both domestically and worldwide, and we believe we will benefit significantly from his professional acumen and experience as we continue to expand our construction and power infrastructure business around the globe.”
“Pernix Group continues to serve as a leader in the arena of global construction and power infrastructure,” commented Mr. Gunther. “I have witnessed the need for ever greater innovation within these fields, and I believe the demand will continue to grow in future years. Pernix is uniquely positioned to satisfy this need, and I believe it has the potential to be a dominant force in this sector. I look forward to serving on the board and working with Pernix’s management as the company moves ahead.”
About Pernix Group, Inc.
Pernix Group, Inc. is a global company with its headquarters in Lombard, Illinois. The Company is engaged in two primary operating business segments: construction services as a Design-Build General Contractor primarily in the Federal and Government market; and building, managing and investing in Power Generation Projects as an Independent Power Producer. Pernix has full-scale construction and management capabilities, with operations in the United States, Africa, the Middle East, and the South Pacific. Pernix Group, Inc. common stock is traded on the over-the-counter quotation board (OTCQB) under the symbol PRXG. Additional information is available at www.www.pernixgroup.com.
Forward-Looking Statement
Certain of the statements made in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the Company’s filings with the U.S. Securities and Exchange Commission.
Contact Investor Relations:
investorrelations@pernixgroup.com
