Surry Business

Pike Electric Corp. of Mount Airy (NYSE: PEC), one of the nation’s largest providers of outsourced electric distribution and transmission services, has announced that Daniel J. Sullivan and Adam P. Godfrey were appointed to Pike Electric’s board of directors effective Aug. 1, 2007.

“Both Dan and Adam will be strong additions to our board due to their impressive backgrounds and broad experiences,” said CEO J. Eric Pike. “Dan’s leadership qualifications and business expertise, based on his more than 15 years in executive leadership roles in a comparable industry, make him an extremely valuable addition. We are also very pleased to have Adam rejoin our board.”

Sullivan was the president and CEO of FedEx Ground Package Systems Inc., a wholly owned subsidiary of FedEx Corp., from 1998 until he retired in 2006. From 1996 to 1998, Sullivan was the chairman, president and CEO of Caliber System Inc. In 1995, he was the chairman, president and CEO of Roadway Services Inc. He is a federal commissioner on the Flight 93 National Memorial Federal Advisory Committee.

Godfrey has been a Partner with Lindsay Goldberg & Bessemer since 2002. Previously, he was a partner with Bessemer Holdings, which he joined in 1992. He currently serves as a director of Pride Manufacturing Co., FAPS Holdings Inc., Intermex Holdings Inc. and Bell Nursery Holdings. He also serves as a member of the board of Schneider National Inc. and as a member of the MBA Advisory Board at the Tuck School of Business at Dartmouth. He served on Pike Electric’s board until last October.

With the new appointments, Pike Electric’s board of directors now has seven members, including four independent directors.

Pike Electric’s core activities consist of the maintenance, upgrade and extension of electric distribution and sub-500 kilovolt transmission power lines for more than 150 electric utilities, cooperatives and municipalities. Pike Electric services a contiguous 19-state region that stretches from Pennsylvania in the north to Florida in the southeast and Texas in the southwest and is a recognized leader in storm restoration services.