Global Power Equipment Group Inc. Appoints Mardi de Verges Senior Vice President and CFO-Elect
September 05 2006 - 6:30PM
PR Newswire (US)
TULSA, Okla., Sept. 5 /PRNewswire-FirstCall/ -- Global Power
Equipment Group Inc. (NYSE:GEG) today announced the appointment of
Mardi de Verges to the position of Senior Vice President and
CFO-Elect, effective September 11, 2006. Ms. de Verges will replace
Jim Wilson as CFO upon his retirement from the company after 20
years of service. Mr. Wilson's retirement is anticipated at the end
of 2006 or early 2007, allowing for an orderly transition of
responsibilities. "Ms. de Verges is an exceptional executive with a
wealth of financial and operations experience," said Larry Edwards,
Chief Executive Officer of Global Power. "We are looking forward to
having her on our management team as we work through our near-term
challenges while continuing to remain focused on operating our
business effectively. We thank Jim for all that he has done for the
business and wish him well in his future endeavors." Ms. de Verges
has 25 years of leadership experience in a broad range of
industries including telecommunications and oil and gas. Most
recently she was the CFO of WilTel Communications, a national
telecommunications company, where she was responsible for all
accounting, tax, treasury, finance, budgeting, planning and real
estate functions. Level3 Communications acquired WilTel in late
2005 and Ms. de Verges remained with the company as Senior Vice
President of Finance with responsibility for forecasting and
performance management of its $3 billion telecommunications
business. Before telecommunications, Ms. de Verges held various
leadership positions in the finance, tax and benefits departments
of CITGO Petroleum Corporation. Ms. de Verges joined CITGO in 1989
after more than seven years with Arthur Andersen & Co., where
she developed expertise both as an auditor and as a tax
professional. Ms. de Verges received her B.S. in Accounting from
Oklahoma State University and is a Certified Public Accountant.
About Global Power Equipment Group 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 industrial operations in
more than 40 countries on six continents. In addition, the Company
provides routine and specialty maintenance services to nuclear,
coal-fired, fossil, and hydroelectric power plants and other
industrial operations. Additional information about Global Power
Equipment Group may be found at http://www.globalpower.com/ .
Company Contact: Tina Soin Sharma Director, Investor Relations
Global Power Equipment Group Inc. Tel: (918) 274-2357 Email:
DATASOURCE: Global Power Equipment Group Inc. CONTACT: Tina Soin
Sharma, Director, Investor Relations of Global Power Equipment
Group Inc., +1-918-274-2357, or Web site:
http://www.globalpower.com/
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