William
Patterson Resigns As Pennichuck CFO
Intends to Return to New York/New Jersey
Area
MERRIMACK,
NH (April 8, 2008) - Pennichuck Corporation (NASDAQ: PNNW)
today announced that William D. Patterson, the Company's Senior
Vice President, Treasurer and Chief Financial Officer, has
notified the Company that he is resigning from those positions.
Mr. Patterson currently intends to return to EnSTAR Management
Corporation, a New York City-based firm he founded to provide
financial advisory and consulting services for utilities.
Since joining the Company as Chief Financial Officer in January
2005, Mr. Patterson typically has been commuting weekly from
his northern New Jersey home to the Company's offices in Merrimack,
New Hampshire. Mr. Patterson's resignation will take effect
on May 23, 2008, unless he and the Company mutually agree
on a later date. The Company has commenced a search for his
replacement.
