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 Power.
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.