Global Power Equipment Group Announces Changes to its Products Solutions and Services Organizations
IRVING, Texas, Jan. 14, 2015 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (NYSE:GLPW) ("Global Power" or "Company") today announced that the Company, as part of the ongoing streamlining efforts, has integrated its four business units into two structured around products and services. The Products business will consist of Auxiliary Products and Electrical Solutions, and the Services business will include Nuclear Services and Energy Services. The Company will further centralize the manufacturing and related functions under one leader.
John Durkee is now President for the combined Global Power Products business. Over the past year, John has successfully led the Auxiliary Products business, expanding the company's aftermarket focus, investing in new products, and restructuring their operations to better serve our customer base.
Ross Marcoot has been named President of Global Power Services. Ross most recently led the global Industrial Air & Gas Technologies business for GE Oil & Gas. Ross's appointment enables us to consolidate our Nuclear Maintenance, Construction and Specialty Services, and Energy Services business units.
Gary McCloskey is now Vice President of Global Manufacturing and Supply Chain. Over the past year, Gary has successfully integrated purchasing activities, led LEAN process improvement initiatives and developed operating systems to drive productivity programs in our Products businesses.
Luis Manuel Ramírez, President and CEO of Global Power, commented, "We are simplifying our organization and driving synergies across business units, which will drive a high performing operating system and create an integrated customer experience. We have tremendous growth opportunities, and we are dedicated to building a best-in-class leadership team to bring the entire Global Power organization to the next level and facilitate our long-term strategy as we continue to grow through acquisitions and other strategic investments."
About Global Power
Texas-based Global Power Equipment Group Inc. is a design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. It is comprised of three segments. Product Solutions includes two primary product categories: Auxiliary Products designs, engineers and manufactures a comprehensive portfolio of equipment for utility-scale natural gas turbines while Electrical Solutions provides custom configured electrical houses and generator enclosures for the midstream oil & gas industry, the power generation market to include distributed and backup power as well as other industrial and commercial operations. Energy Services provides lifecycle maintenance, repair, construction and fabrication services for the industrial, chemical/petrochemical process, oil and gas and power generation industries. Nuclear Services provides on-site specialty support, outage management and maintenance services to domestic utilities' nuclear power facilities. The Company routinely provides information at its website: www.globalpower.com.
CONTACT: Investor Relations Contact: Shawn Severson The Blueshirt Group (415) 489-2198 email@example.comSource: Global Power Equipment Group Inc.
Released January 14, 2015