Global Power Equipment Group Announces Leadership Changes

IRVING, Texas, Sept. 26, 2013 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (Nasdaq: GLPW) ("Global Power") announced today leadership appointments for the business units that will comprise the Company's Products and Solutions segments effective at the end of the year for reporting purposes. The Products Division will include the Auxiliary Products and Electrical Solutions product lines. The Services Division becomes Nuclear Services and Energy Services business units. The realignment is intended to establish Global Power as a solutions-oriented and customer-centric organization.   "The realignment of Global Power is critical to achieving our goal of doubling revenue and operating margin over the next three to five years.  With our acquisitions, we have new capabilities, a broader product offering and the critical mass that enables this realignment. We are implementing lean processes and taking cost out of the business.  We expect the broad commercial experience and deep expertise of this energized leadership team will leverage new opportunities to expand our penetration into the natural gas growth trend," commented Luis Manuel Ramírez, President and Chief Executive Officer of Global Power.  Penny Sherrod-Campanizzi has been appointed President of the Electrical Solutions product line that will be comprised of Koontz-Wagner and IBI. Ms. Sherrod-Campanizzi joined Global Power in See full press release