09:51 AM EDT, 03/12/2026 (MT Newswires) -- Global Power Solutions (PWER.V) on Thursday announced the appointment of Pete Medved as president and chief executive officer of the company, effective immediately.

The company said that Medved brings more than two decades of experience in enterprise technology sales, strategic account leadership, and large-scale digital infrastructure projects across both the public and private sectors. The company added that, throughout his career, Medved has supported enterprise technology initiatives for organizations including Amazon (AMZN), Microsoft (MSFT), AT&T (T), NVIDIA (NVDA), Chevron (CVX), Suncor (SU.TO), Textron Systems, TransAlta ( TAC ) , and Drax Group, "delivering solutions across cloud platforms, enterprise software, analytics, and advanced computing infrastructure."

"Mr. Medved has also worked with government and municipal organizations including the Government of Alberta, the City of Vancouver, and the City of Delta, supporting technology modernization and operational resilience initiatives," added the company.

The company further said that Mervyn Pinto, who served as CEO, president and corporate secretary, remains as a "valuable member" of the board of directors and will continue to provide oversight on the company's other ongoing projects.

It added that Haneef Esmail has been appointed as corporate secretary and Peeyush Varshney has resigned as a director of the company, effective immediately.

The company's shares were last seen down $0.01 at $0.44 on the TSX Venture Exchange.

Price: 0.44, Change: -0.01, Percent Change: -2.22