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Global Power Equipment Group Announces Senior Leadership Change

Stocks in this article: GLPW

IRVING, Texas, June 28, 2013 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (Nasdaq:GLPW) ("Global Power" and "Company") announced today that Kenneth W. Robuck, Senior Vice President and President of the Services Division, has elected to leave the Company effective July 1, 2013 to pursue alternative career opportunities after more than 30 years in the energy and power services industry. Mr. Robuck has agreed to serve as a full-time employee of the Company through July 31, 2013. Effective July 1, 2013, Luis Ramírez, President and Chief Executive Officer of Global Power, will also serve as acting President of the Services Division.

Mr. Ramírez commented, "We are sorry to see Ken go, but respect his decision to change the direction of his career. He has been an invaluable member of the team as we transform Global Power. As President of the Services Division, he has expanded the business and created new platforms for growth. Ken has been vital in building strong customer relationships and developing the Williams brand for safety, leadership competency and deep domain expertise. His mentoring of so many in the Company will bode well for us as we advance our efforts to expand the industries and customers we serve, strengthen margins and grow revenue. We wish Ken well in his future endeavors."

Mr. Robuck originally joined the Williams Group in 1995 as Vice President of Fossil and Nuclear for Williams Power Corp. and was promoted to President in 1997. Mr. Robuck left Williams Power Corp. in 2000 for another opportunity in the industry, but returned to the Williams Group in 2005 as President of Williams Plant Services, LLC.  Williams was acquired by Global Power in 2005, and he was subsequently appointed President of the Global Power Services Division in 2008.   

Mr. Robuck noted, "I have truly enjoyed my time at Global Power and expect the Company to execute well on its plan to expand its end markets served while capitalizing on our strengths in the energy industry. I am excited to see our services platform broaden its offerings by extending its know-how into natural gas markets. I believe the management and staff of our Services Division are more than capable of executing on the Company's strategy for growth."

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