PEC Pike Electric Corp

Leadership Team Strengthened to Drive Energy Solutions Strategy MT. AIRY, N.C., May 6 /PRNewswire-FirstCall/ -- Pike Electric Corporation (NYSE:PEC), one of the largest providers of energy solutions in the United States, providing services including powerline engineering, substation, construction, EPC, and renewable energy projects, today announced changes to the company's senior leadership team. These changes further strengthen Pike's top leadership as it solidifies its position as one of the leading Energy Solutions providers. The changes announced include the promotion of Anthony Slater to Executive Vice President and Chief Financial Officer. Slater will continue as the company's Chief Financial Officer with additional responsibilities for merger and acquisition activities. "While Anthony has served as our Chief Financial Officer and will continue to do so, we have expanded his role to include leadership of our merger and acquisition initiatives. This change also reflects the importance we continue to place on the responsibilities we have as a public company," said Eric Pike, Chairman and CEO. Jim Benfield will assume the leadership of Pike's nationwide powerline construction operations as Senior Vice President of Operations. "Jim is a strong leader who has a deep understanding of our company, our business and our customers. Now is the right time to expand Jim's role to assume responsibility for our powerline operations. This change fully aligns our powerline construction operations with our energy solutions strategy," said Pike. Tim Harshbarger will be assuming responsibility for Pike's human capital management, safety and corporate communications as Senior Vice President of Human Resources. "Human capital is a critical component of our energy solutions strategy and we've made the decision to use Tim's expertise where we really need him most, driving our human capital strategies. Tim has also demonstrated a strong passion for safety and we look forward to his continued leadership in helping to keep our employees and customers safe," said Pike. Jim Benfield will continue to report to Audie Simmons, Executive Vice President for Operations. Tim Harshbarger will report to Jim Fox, General Counsel and Vice President for Risk Management. About Pike Electric Pike is one of the largest providers of energy solutions in the United States, providing services including powerline engineering, substation, construction, EPC, and renewable energy projects. The Company is also a recognized leader in storm restoration. The Company's common stock is traded on the New York Stock Exchange under the symbol PEC. Visit http://www.pike.com/ for more information. Safe Harbor This press release contains forward-looking statements that relate to Pike Electric's plans, objectives and estimate, and include those in the "Outlook" section above. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and speak only as of the date of this release. The terms "should," "believe," "plan," "expect," "anticipate," "estimate," "intend" and "project" and similar words or expressions are intended to identify forward-looking statements. Various risks, uncertainties and other factors could cause actual results to differ materially from those expressed in any forward-looking statements. For a more detailed list of such risks, uncertainties and factors, please refer to the Risk Factor section of Pike Electric's Annual Report on Form 10-K for the fiscal year ending June 30, 2008 and in its other filings with the Securities and Exchange Commission. Pike Electric makes no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement, except as may be required by applicable law. DATASOURCE: Pike Electric Corporation CONTACT: Lara Travars, +1-336-719-4492 Web Site: http://www.pike.com/

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