Global Power Equipment Group Inc. Appoints Mardi de Verges Senior Vice President and CFO-Elect

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: [phone]
   Email: 

DATASOURCE: Global Power Equipment Group Inc.



CONTACT:  Tina Soin Sharma, Director, Investor Relations of Global Power

Equipment Group Inc., [phone], or  



Web site:  http://www.globalpower.com/ 

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