Global Power Appoints Frank E. Williams, Jr. as New Director
TULSA, Okla., Oct. 13 /PRNewswire-FirstCall/ -- Global Power Equipment Group Inc. (Pink Sheets: GLPW) ("Global Power") today announced that Frank E. Williams, Jr. has been appointed to the Board of Directors of the company.
Mr. Williams has over 40 years of experience in corporate management with a diverse range of companies involved in steel fabrication, construction services, steel erection, power, and banking. Mr. Williams currently serves as Chairman and principal owner of Williams Enterprises of Georgia, Inc., Chairman and Chief Executive Officer of Bosworth Steel Erectors, Inc., Chairman of Kaiser Group Holdings, Inc., and as a Director of Diamondhead Casino Corporation, Verdant Power, Inc., Prudent Capital and Capital Bank, NA. During Global Power's bankruptcy in 2007 and 2008, Mr. Williams represented holders of Global Power's equity securities by serving as a member of the Equity Committee and he remains a stockholder of the company.
In announcing the appointment, Charles Macaluso, Chairman of the Board of Directors of Global Power, commented "I welcome Frank Williams to the Board. With his experience in construction services and the power industry, combined with his prior leadership roles in other sectors, Frank will be a strong addition to our Board. In conjunction with the appointment of David Keller as Global Power's new Chief Executive Officer and as a Director in September 2009, Frank's appointment will further enhance Global Power's ability to play a key role in the domestic and international energy, power infrastructure, and process industries."
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 October 13, 2009