This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Global Power Equipment Group Announces Leadership Changes

IRVING, Texas, Sept. 26, 2013 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (Nasdaq:GLPW) ("Global Power") announced today leadership appointments for the business units that will comprise the Company's Products and Solutions segments effective at the end of the year for reporting purposes. The Products Division will include the Auxiliary Products and Electrical Solutions product lines. The Services Division becomes Nuclear Services and Energy Services business units. The realignment is intended to establish Global Power as a solutions-oriented and customer-centric organization.  

"The realignment of Global Power is critical to achieving our goal of doubling revenue and operating margin over the next three to five years.  With our acquisitions, we have new capabilities, a broader product offering and the critical mass that enables this realignment. We are implementing lean processes and taking cost out of the business.  We expect the broad commercial experience and deep expertise of this energized leadership team will leverage new opportunities to expand our penetration into the natural gas growth trend," commented Luis Manuel Ramírez, President and Chief Executive Officer of Global Power. 

Penny Sherrod-Campanizzi has been appointed President of the Electrical Solutions product line that will be comprised of Koontz-Wagner and IBI. Ms. Sherrod-Campanizzi joined Global Power in 2010 as Chief Operating Officer of our Services Division, then served as Senior Vice President of Operations and Support and was named President of Energy, Parts and Control Solutions for the Products Division in November 2012. She has over 30 years experience in the power generation industry including leadership roles at Babcock and Wilcox.

John A. Durkee will join the organization as President of the Auxiliary Products product line within the Products Division effective October 1, 2013. Auxiliary Products will be comprised of filter houses, inlet and exhaust systems, diverter dampers, SCRs and other products associated with the historic Braden business. Mr. Durkee brings over 25 years of global experience in the energy sector, most recently providing engineering services to industrial and power generation markets with an emphasis on U.S. utilities.  Prior to joining Global Power, he managed the North American Power and Industrial Engineering and Construction Services business of SNC Lavalin. Prior thereto, he was President at Brand Energy and Infrastructure Services where he oversaw and implemented strategic and tactical growth initiatives. Previously, Mr. Durkee spent 15 years in progressively challenging roles within GE Energy. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs