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Pernix Group Names Former Bechtel Vice-Chairman Don J. Gunther As Chairman Of The Board And Appoints C. Robert Campbell To The Board Of Directors

LOMBARD, Ill., Jan. 7, 2014 (GLOBE NEWSWIRE) -- Pernix Group, Inc. (OTCQB:PRXG), a global construction and power infrastructure company, has named Don J. Gunther as Chairman of the Board pursuant to the recent retirement of Ralph Beck. The Company also announced the appointment of C. Robert Campbell to the Board of Directors. The appointment maintains the number of board members at seven, six of whom are considered independent. Mr. Gunther will also assume the chairmanship of the Compensation Committee from Mr. Beck, and Mr. Campbell will become chairman of the Audit Committee and fill the vacancy on the Compensation Committee created by Mr. Beck's retirement.

Mr. Gunther 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. 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. 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.

Mr. Campbell brings a vast amount of financial management experience to the Board after having served in executive level positions for several publicly traded companies. For the past nine years until his retirement on December 31, 2013, Mr. Campbell served as Executive Vice President and Chief Financial Officer of MasTec, Inc. (NYSE:MTZ), a $2.5 billion market capitalization infrastructure construction company based in Coral Gables, Florida. MasTec is engaged in the engineering, building, installation, maintenance, and upgrade of energy, utility and communications infrastructure primarily in North America. While at MasTec, Mr. Campbell led the financing and structuring of over 20 corporate acquisitions. In total, he has been intimately involved in over 100 acquisitions throughout his career. Prior to joining MasTec, Mr. Campbell served in many roles, including Chief Executive Officer, Chief Financial Officer, Chief Administrative Officer and Head of Planning and Development at BAX Global, Ryder System, Inc. and Flagstar Restaurants, Inc. He received an MBA degree from Columbia University, an MS in accounting from Florida International University and a BS in industrial relations from the University of North Carolina-Chapel Hill. Currently Mr. Campbell serves as a Director and Audit Committee Chairman of Forward Air, Inc. (Nasdaq:FWRD), a $1.3 billion market capitalization provider of surface transportation and related logistics services to the North American expedited air freight market.

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