Frederick Boyle is new CFO for Pepco Holdings

Boyle was most recently chief financial officer of DPL Inc., holding company for Dayton Power and Light

Washington, D.C., March 27, 2012 — Pepco Holdings, Inc., announced the appointment today of Frederick J. Boyle as the company's senior vice president and chief financial officer. Boyle has nearly three decades of experience in the utility industry, having led financial departments for three electric industry corporations over the past decade.

Boyle was most recently chief financial officer of DPL Inc., holding company for Dayton Power and Light, an Ohio-based company that was named to the Forbes Platinum 400 "Best Big Companies in America" list during his tenure in 2009.

In his CFO role at DPL, Boyle was responsible for all finance, accounting, treasury, planning and development activities for DPL.

Boyle will take over the post from current PHI CFO, Anthony J. Kamerick, who announced he will retire after 41 years with the company. While Boyle will assume the role of financial lead for PHI, Kamerick will remain at PHI as executive vice president and chief regulatory officer, and continue to oversee the regulatory proceedings of all three of PHI's utility subsidiaries until his retirement in January 2013.

Boyle's extensive energy industry background includes regulated and non-regulated segments of the electric business as well as experience in the gas utility industry, all of which are components of the PHI business model.

Prior to serving as chief financial officer of DPL Inc., Boyle served as CFO of Accent Energy, a natural gas and electricity retail marketer, and as vice president of finance for Direct Energy, a large competitive retailer of energy and related services in North America.

For 18 years, Boyle worked in financial and accounting roles at American Electric Power, taking leadership roles in the areas of tax, corporate planning and budgeting, and corporate development with his most senior role as vice president of financial services for the corporate development department. He began his career in accounting with Deloitte & Touche, and is a Certified Public Accountant.

Boyle holds a Master of Tax degree from The Capital University and a Bachelor of Science in Business Administration from The Ohio State University. He will officially take over as chief financial officer of PHI on April 9th and report directly to Joseph M. Rigby, chairman, president and chief executive officer of PHI.

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