MYR Group Inc. Announces Appointment of New Board Member
July 30 2018 - 4:00PM
MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG),
announced today the appointment of Jennifer E. Lowry to the
company’s board of directors (the “Board”), effective July 27,
2018. The Board determined that Ms. Lowry will be a Class I
director with an initial term expiring at the 2020 annual meeting
of stockholders. Ms. Lowry will serve on the Board’s Audit
Committee.
“We are excited to announce Jennifer’s appointment as a new
member of our Board of Directors,” said MYR Group’s Chairman of the
Board, Kenneth M. Hartwick. “She brings industry knowledge and
expertise, strong leadership qualities and a diverse set of
governance skills. Her financial and strategic transactional
experience with both national and global organizations will offer a
unique perspective to our Board. We welcome Jennifer in her new
role and look forward to her contributions.”
In November 2016, Ms. Lowry became Vice President of Corporate
Finance for McCormick & Company, Inc. Prior to that, she held
several executive positions at companies within the electric power
industry including AES Corporation; Cogentrix Energy Power
Management, LLC; Exelon Corporation; and Constellation Energy
Resources, LLC (now an Exelon Company).
Ms. Lowry has served on numerous governing committees within
Constellation and Exelon and is currently Vice Chair of the
Maryland Zoo Board of Trustees. She attended Dartmouth College
where she obtained a Bachelor of Arts degree and Bachelor of
Engineering degree, and she holds a Masters in Management from the
Northwestern University Kellogg School of Management.
About MYR Group Inc.MYR Group is a holding
company of leading specialty contractors serving the electric
utility infrastructure, commercial and industrial construction
markets throughout the United States and western Canada who have
the experience and expertise to complete electrical installations
of any type and size. Their comprehensive services on electric
transmission and distribution networks and substation facilities
include design, engineering, procurement, construction, upgrade,
maintenance and repair services. Transmission and distribution
customers include investor-owned utilities, cooperatives, private
developers, government-funded utilities, independent power
producers, independent transmission companies, industrial facility
owners and other contractors. Commercial and industrial electrical
contracting services are provided to general contractors,
commercial and industrial facility owners, local governments and
developers generally throughout the western and northeastern United
States and western Canada. For more information, visit
myrgroup.com.
Forward-Looking Statements Various statements
in this announcement, including those that express a belief,
expectation, or intention, as well as those that are not statements
of historical fact, are forward-looking statements. The
forward-looking statements may include projections and estimates
concerning the timing and success of specific projects and our
future production, revenue, income, capital spending, segment
improvements and investments. Forward-looking statements are
generally accompanied by words such as “anticipate,” “believe,”
“encouraged,” “estimate,” “expect,” “intend,” “likely,” “may,”
“objective,” “outlook,” “plan,” “possible,” “potential,” “project,”
“remain confident,” “should” “unlikely,” or other words that convey
the uncertainty of future events or outcomes. The forward-looking
statements in this announcement speak only as of the date of this
announcement; we disclaim any obligation to update these statements
(unless required by securities laws), and we caution you not to
rely on them unduly. We have based these forward-looking statements
on our current expectations and assumptions about future events.
While our management considers these expectations and assumptions
to be reasonable, they are inherently subject to significant
business, economic, competitive, regulatory and other risks,
contingencies and uncertainties, most of which are difficult to
predict and many of which are beyond our control. No
forward-looking statement can be guaranteed and actual results may
differ materially from those projected. Forward-looking statements
in this announcement should be evaluated together with the many
uncertainties that affect MYR Group's business, particularly those
mentioned in the risk factors and cautionary statements in Item 1A
of MYR Group's Annual Report on Form 10-K for the fiscal year ended
December 31, 2017, and in any risk factors or cautionary statements
contained in MYR Group's subsequent Quarterly Reports on Form 10-Q
or Current Reports on Form 8-K.
MYR Group Inc. Contact:Betty R. Johnson, Chief
Financial Officer, 847-290-1891, investorinfo@myrgroup.com
Investor Contact: Steve Carr, Dresner
Corporate Services, 312-780-7211, scarr@dresnerco.com
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