Global Power Announces Appointment of David L. Keller as President and Chief Executive Officer
TULSA, Okla., Sept. 14 /PRNewswire-FirstCall/ -- Global Power Equipment Group Inc., (Pink Sheets: GLPW) ("Global Power") today announced that David L. Keller has been appointed as President and Chief Executive Officer of the company and as a member of the Board of Directors, effective immediately. Mr. Keller has nearly 30 years of experience in the power industry, most recently as President and Chief Operating Officer of The Babcock & Wilcox Company.
In announcing the appointment, Charles Macaluso, Chairman of the Board of Directors of the company, commented: "We are delighted to have found in David Keller a proven manager with a sterling record in the industry to take the top management position at Global Power and join the board. We very much look forward to working with him as the company continues to implement its plans to play a key role in the domestic and international energy, power infrastructure, and process industries."
John M. Matheson, who had served as President and Chief Executive Officer of the company since November of 2006 and in other executive positions since 2001, has resigned from all positions with the company and, following a consulting period during which he will assist in an orderly transition to David Keller's leadership of the Company, intends to pursue other interests. Mr. Macaluso noted that, "The Board thanks John Matheson for his service as President and Chief Executive Officer over the past several years and looks forward to his cooperation as David Keller takes the helm."
About Global Power
Oklahoma based Global Power Equipment Group Inc. is a leading design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. Through its Global Power Services Division, the Company is a leading provider of on-site specialty support and outage management services for commercial nuclear reactors in the United States and provides maintenance services to fossil and hydroelectric power plants and other industrial operations. Through its Global Power Products Division, the Company designs, engineers and manufactures a comprehensive portfolio of equipment for gas turbine power plants and power-related equipment for industrial operations, with over 40 years of power generation industry experience. With a strong competitive position in its product lines, the Company benefits from a large installed base of equipment in domestic and international markets. Additional information about Global Power Equipment Group may be found at www.globalpower.com.
Company Contact: Candice Cheeseman Vice President of Administration and General Counsel Global Power Equipment Group Inc. (918) 488-0828
SOURCE Global Power Equipment Group Inc.
Released September 14, 2009