Orbital Energy Group, Inc. Appoints Veteran Financial Executive, Paul T. Addison, To Its Board Of Directors

Orbital Energy Group, Inc. announced the appointment of veteran financial executive Paul T. Addison, to its Board of Directors (the “Board”), effective immediately. Mr. Addison joins the Board as an independent director, expanding the Board to 8 directors, 5 of whom are independent.

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“Paul’s many years of broad financial experience across the energy value chain and public utilities market, coupled with his insight in finance, capital markets, and corporate governance will add valuable perspective to our Board,” said Jim O’Neil, OEG’s CEO & vice-chairman.  “We are excited to welcome him as a director and look forward to benefitting from his experience, judgment and counsel.”

Before his retirement, Mr. Addison was Managing Director – Utilities Department at Salomon Smith Barney (Citigroup).  During his time with Citigroup, Mr. Addison’s leadership was impactful as he served in several positions including senior credit officer and Managing Director in the firm’s energy and utilities department. Mr. Addison’s executive positions maximized his expertise in utilities, at the intersection of investment banking and the financial services sector.  Mr. Addison retired from Salomon Smith Barney in 2002.  He contributes his leadership and extensive experience in finance toward his board representation and community endeavors.

Mr. Addison has also served as an independent director of FirstEnergy Corporation; where he was Chairman of the Finance Committee and a member of the Audit Committee as a designated financial expert. He was involved in numerous financings over his term on the board of FirstEnergy and significantly participated in that company’s $4.7 billion acquisition of Allegheny Energy in 2010.

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Mr. Addison is currently serving as trustee and treasurer of Maimonides Medical Center, a non-profit and non-sectarian hospital located in Brooklyn, New York.

Mr. Addison graduated from Howard University with a B.A. in political science and economics and holds an MBA from the Harvard University Graduate School of Business with a focus in Finance and General Business Administration.

“We are very pleased to welcome such an experienced industry professional as Paul Addison to the Orbital Energy board,” said William Clough, OEG’s chairman & CLO. “He brings extensive expertise in many areas vital to OEG, particularly our T&D and Telecom Divisions.  He is a seasoned financial expert and experienced board member with extensive industry relationships and a broad understanding of the energy industry.”

Mr. Addison commented, “I am delighted to be joining such a progressive, growth-oriented company as Orbital Energy Group and have observed the Company’s recent performance with great interest.  I look forward to working alongside my fellow Board members and company management to enhance shareholder value as Orbital Energy continues to expand its commercial footprint in the energy sector and beyond.”

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