Goldfield Announces Executive Promotions in its Electrical Construction Operations

1/4/17

MELBOURNE, Fla., Jan. 03, 2017 (GLOBE NEWSWIRE) -- The Goldfield Corporation (NYSE MKT:GV) announced today the appointment of Greg Crutchfield as President of Power Corporation of America and Southeast Power Corporation, its electrical construction subsidiaries, effective January 1, 2017.

Mr. Crutchfield joined PCA as Executive Vice President earlier in 2016 and has worked in the power line construction industry for over 25 years. Mr. Crutchfield began his career in 1991 as a lineman for Kentucky Utilities. Prior to joining PCA, Mr. Crutchfield was the Transmission Safety Director and Transmission Operations Manager at Davis H. Elliot. He succeeds Robert L. Jones, who was previously appointed interim President of PCA and Southeast Power in June of 2016. Mr. Jones will continue as Vice President of PCA.

Goldfield also announced the promotion of Jack Brady to Executive Vice President of Southeast Power. Mr. Brady, who joined Southeast Power in 2002, has over 50 years' experience in the electrical construction industry and has been responsible for Southeast Power’s Carolina electrical construction operations. Mr. Brady's responsibilities will include providing guidance and mentorship to Southeast Power's regional offices.

Brian Tilton has been named a Vice President of Southeast Power and will assume responsibility for the Carolina operations. Mr. Tilton, who joined Southeast Power in 2014 as a Construction Manager, has over 30 years' experience in electrical construction.

Mr. John H. Sottile, President and Chief Executive Officer of Goldfield, said, “These promotions will help strengthen our electrical construction operations. They represent an important step for the future growth and development of our Company.”

About Goldfield

Goldfield is a leading provider of electrical construction services engaged in the construction of electrical infrastructure for the utility industry and industrial customers, primarily in the Southeast and mid-Atlantic regions of the United States and in Texas.

For additional information, please refer to our filings with the Securities and Exchange Commission and visit the Company’s website at http://www.goldfieldcorp.com.

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