Global Power Equipment Group Inc. announced that its Board of Directors has appointed Craig Holmes and Tracy Pagliara as Co-Presidents and Co-CEOs, as well as members of the Board of Directors. Mr. Holmes was serving as Senior Vice President and Chief Financial Officer and Mr. Pagliara was Senior Vice President, Chief Administrative Officer, General Counsel and Secretary for Global Power. Terence Cryan, formerly the Company's President and Chief Executive Officer, has resigned from those positions and as a director of the Company.

In connection with these leadership changes, Chip Wheelock has been promoted to serve as Vice President, Administration, General Counsel & Secretary with responsibility for legal, compliance, human resources and insurance matters. Mr. Wheelock was formerly Vice President, Deputy General Counsel and Chief Compliance Officer of the Company. A search for a chief financial officer will be initiated.

In the interim, Mr. Holmes will remain as Principal Financial Officer. Mr. Holmes joined Global Power in September 2015 as Senior Vice President Finance and, as planned, assumed the role of Chief Financial Officer upon issuance of the Company's 2015 financials and restated prior-period results on March 15, 2017. Mr. Pagliara joined Global Power in April 2010 as General Counsel, Secretary and Vice President of Business Development and was progressively advanced to his most recent position of Senior Vice President - Chief Administrative Officer, General Counsel and Secretary.

Prior to joining the Company, Mr. Pagliara was with Gardner Denver Inc. for eight years, where he served as Chief Legal Officer and Secretary and also assumed additional leadership responsibility for the compliance, human resources, environmental, health and safety and insurance functions.