Global Power Equipment Group Appoints Raymond K. Guba as Senior Vice President and Chief Financial Officer

Global Power Equipment Group Appoints Raymond K. Guba as Senior Vice President
and Chief Financial Officer

IRVING, Texas, Nov. 18, 2013 (GLOBE NEWSWIRE) -- Global Power Equipment Group
Inc. (Nasdaq:GLPW) ("Global Power") announced today that it has named Raymond
("Randy") K. Guba as Senior Vice President and Chief Financial Officer,
effective immediately. He will be replacing David L. Willis, who will remain
with the Company for a period of time to ensure a smooth transition.

"We are advancing the organization to achieve greater scale, expand margins
and align the operating units to better serve our growing customer base.We
believe that Randy's extensive experience in corporate realignments and
establishing shared services structures will prove beneficial for us as we
grow.He brings expertise in driving cost out, improving efficiencies and
processes, and system integrations.With over 25 years of financial and
executive management experience, we expect that Randy's track record and
know-how will be advantageous as we continue to transform Global Power,"
commented Luis Manuel Ramírez, President and Chief Executive Officer of Global

Mr. Guba has carried out multiple restructuring initiatives at four different
companies, three of which were in the energy industry.His past realignment
initiatives have integrated business units to better serve end markets,
diversified portfolio offerings, addressed financial reporting and IT
inefficiencies and optimized capital structure.Most recently, Mr. Guba was
Executive Vice President, Chief Financial Officer of FTS International, a
privately-owned global Oil and Gas Services business with approximately $2
billion of annual revenue.Previously, he was Executive Vice President and
Chief Financial and Administrative Officer with Integrated Electrical
Services.Mr. Guba began his career as a public accountant, and then joined
General Electric Company in 1986.He spent 19 years at GE in progressively
advancing roles to include CFO of Auto Financials Services in Tokyo and
Manager of Finance (CFO) for GE Energy's Installations and Field Services, a
$3 billion global division.He earned his BA in Economics and English at
Rutgers, The State University of New Jersey.

Mr. Willis has served as Senior Vice President and Chief Financial Officer
since 2008."David has been instrumental in moving Global Power forward over
many challenging years.During his tenure, the Company exited bankruptcy,
relisted on a major exchange, divested non strategic assets, experienced
strong growth and acquired four businesses.We thank David for his dedication
and numerous contributions during his years with the Company, and wish him the
best of luck in his future endeavors," stated Mr. Ramírez.

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.Through its
Services Division, Nuclear Services provides on-site specialty support, outage
management and maintenance services to domestic utilities' nuclear power
facilities; and Energy Services provides lifecycle maintenance and repair
support services for the industrial, oil & gas and utilities markets. With
over 40 years of power generation industry experience the Products Division
designs, engineers and manufactures a comprehensive portfolio of equipment for
utility scale natural gas turbines and electrical solutions for the oil & gas
industry and other industrial operations.The Company routinely provides
information at its

Forward-looking Statement Disclaimer

This press release contains "forward-looking statements" within the meaning of
that term set forth in the Private Securities Litigation Reform Act of
1995.These statements reflect our current views of future events and
financial performance and are subject to a number of risks and uncertainties.
Our actual results, performance or achievements may differ materially from
those expressed or implied in the forward-looking statements.Risks and
uncertainties that could cause or contribute to such material differences
include, but are not limited to, decreased demand for new gas turbine power
plants, reduced demand for, or increased regulation of, nuclear power, loss of
any of our major customers, cost increases and project cost overruns,
unforeseen schedule delays, poor performance by our subcontractors,
cancellation of projects, competition for the sale of our products and
services, shortages in, or increases in prices for, energy and materials such
as steel that we use to manufacture our products, damage to our reputation,
warranty or product liability claims, increased exposure to environmental or
other liabilities, failure to comply with various laws and regulations,
failure to attract and retain highly-qualified personnel, volatility of our
stock price, deterioration or uncertainty of credit markets, and changes in
the economic, social and political conditions in the United States and other
countries in which we operate, including fluctuations in foreign currency
exchange rates, the banking environment or monetary policy.Other important
factors that may cause actual results to differ materially from those
expressed in the forward-looking statements are discussed in our filings with
the Securities and Exchange Commission, including the section of our Annual
Report on Form 10-K filed with the SEC on March 7, 2013 titled "Risk
Factors."Except as may be required by applicable law, we undertake no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, and we
caution you not to rely upon them unduly.

CONTACT: Investor Relations Contact:
         Deborah K. Pawlowski
         Kei Advisors LLC
         (716) 843-3908

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