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John Matheson Appointed Executive Vice President and Chief Operating Officer, John McNaughton Appointed Chief Information Officer and Vice President of Performance, Planning and Strategy TULSA, Okla., March 8 /PRNewswire-FirstCall/ -- Global Power Equipment Group Inc. (NYSE:GEG), a leading design, engineering and fabrication firm providing a broad array of equipment and services to diversified global companies engaged in the power and process industries, today announced the appointment of John Matheson as Executive Vice President and Chief Operating Officer, effective March 6, 2006. Larry Edwards, Global Power Equipment Group's chairman stated, "Given the serious operating issues that the Company encountered during 2005, and the demanding steps required to improve our financial performance, our Board has determined that a division of certain management duties will allow the management to rapidly address our operating challenges head-on. In the near- term, Al Brousseau, Global Power Equipment Group's president and CEO will concentrate on operating and sales issues, particularly at the Company's Heat Recovery segment located in Minneapolis, MN. To facilitate this effort, the Board has designated John Matheson to assume responsibility for certain Company operations, as well as oversight of corporate functions. John has been instrumental in helping shape our Company's vision and streamline our operations." Mr. Matheson joined the Company in 2001 and has held several roles within the organization including Senior Vice President of Global Power Equipment Group, Executive Vice President, Operations of our Auxiliary Power segment and as the Company's general counsel and secretary. Mr. Matheson was responsible for many of the Company's key strategic initiatives, including mergers and acquisitions. He led the restructuring of our Auxiliary Power segment and the acquisitions of Williams Industrial Services Group and Deltak Power Equipment (China). Prior to joining the Company, he was a Senior Attorney with The Williams Companies, an international energy and telecommunications company, where he was responsible for mergers, acquisitions and securities law matters. Formerly, he was a shareholder with the law firm of Conner & Winters, P.C., in Tulsa, Oklahoma, and was a Certified Public Accountant with Price Waterhouse. Mr. Matheson is a graduate of the Advanced Management Program of Harvard Business School and holds a Juris Doctorate from Georgetown University and a degree with Highest Honors from the University of Oklahoma School of Business. Commenting on John's appointment, Al Brousseau, Global Power Equipment Group's president and chief executive officer stated, "I am very pleased with John's appointment to this new position, especially given the demands placed on our organization to more effectively manage our operations and capitalize on the growth opportunities that we believe exist. Our key objective is to maximize the business execution and financial performance, short and long- term. Considering some of the immediate challenges and resources we identified, this calls for some creativity and flexibility. By delegating operating issues that do not require my time and attention, this will allow us to be more responsive to customers, employees, investors and other stakeholders." The Company also announced the appointment of John McNaughton as Chief Information Officer and Vice President of Performance, Planning and Strategy. In this new role with the Company Mr. McNaughton will immediately work on the Global Power management information system design and work closely with Al Brousseau to implement processes and new information systems at the Heat Recovery business unit similar to what he helped design and implement for the Auxiliary Power business unit. Mr. McNaughton will also be responsible for developing Global Power's long-term strategy and short-term performance initiatives such as lean manufacturing, six sigma and balanced scorecards. John has over 20 years experience in operations, strategy and technology management. He has successfully led and consulted with operations and technology organizations. His experience spans manufacturing, consumer packaged goods, hi-technology and aerospace sectors. Prior to joining Global Power, he led M&A integration projects as part of Ernst & Young's Transaction Integration Practice, and was a CIO and Director of Supply Chain for NetMercury. He was a Director at Cap Gemini Ernst & Young and a Principal Consultant in Price Waterhouse's strategy practice. Mr. McNaughton has an MBA from Pepperdine University and a BS Engineering from Gannon University. "Expanding our leadership team today is essential if we are to succeed with our long-term strategic plan," said Mr. Brousseau. "Streamlining our operations, focusing on profitability and adding depth to our management team provides us with a solid leadership platform to better address our current operating issues, plan and build for our future and realize Global Power's full potential in the marketplace." 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 energy, power infrastructure and process industries. The Company designs, engineers and manufactures a comprehensive portfolio of equipment for gas turbine power plants and power-related equipment for industrial operations, and has over 30 years of power generation industry experience. The Company's equipment is installed in power plants and in industrial operations in more than 40 countries on six continents and believes, in its product lines, it has one of the largest installed bases of equipment for power generation in the world. In addition, the Company provides its customers with value-added services including engineering, retrofit, maintenance, repair and general plant services. Additional information about Global Power Equipment Group may be found at http://www.globalpower.com/ . Company Contact: Bob Zwerneman Director of Investor Relations (918) 274-2398 DATASOURCE: Global Power Equipment Group Inc. CONTACT: Bob Zwerneman, Director of Investor Relations of Global Power Equipment Group Inc., +1-918-274-2398 Web site: http://www.globalpower.com/

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