HOUSTON, Nov. 3, 2011 (GLOBE NEWSWIRE) -- ENGlobal (Nasdaq:ENG), a leading provider of energy-related project delivery solutions, today announced several management appointments.
Effective immediately, John R. Beall has accepted the position of Chief Financial Officer on a permanent basis. Mr. Beall had been appointed as interim CFO effective June 29, 2011. Also, in order to increase ENGlobal's focus on the active Middle Eastern market, Dennis E. Pisula, Senior Vice President – Business Development, has been appointed Senior Vice President – International Business Development, while Cynthia L. Southall will reassume the role of Senior Vice President – Business Development. Messrs. Beall and Pisula and Ms. Southall will remain members of the Executive Team and will report to Edward L. Pagano, President and Chief Executive Officer.
"We are pleased to have John join the ENGlobal family on a permanent basis. John was able to step-in as interim CFO to ensure a seamless transition and has successfully strengthened the financial team in just a few months," said Mr. Pagano. "We have also realigned the Business Development leadership in order to allow Mr. Pisula to spend a greater amount of time pursuing ENGlobal's new international relationships, specifically in the Middle East. Dennis and Cindy have worked closely together in the past several months and we believe this change will lead to cohesive and quantifiable results."
Management biographies can be found at www.englobal.com.
ENGlobal (Nasdaq:ENG), founded in 1985, is a provider of engineering and related project services principally to the energy sector throughout the United States and internationally. ENGlobal operates through three business segments: Engineering & Construction, Field Solutions and Automation. The Engineering & Construction segment provides consulting services relating to the development, management and execution of projects requiring professional engineering as well as inspection, construction management, mechanical integrity, field support, quality assurance and plant asset management. ENGlobal's Field Solutions segment provides project management and staffing for right-of-way and site acquisition, permitting, regulatory, and legislative outreach. The Automation segment provides services related to the design, fabrication and implementation of process distributed control and analyzer systems, advanced automation, information technology, cyber security and heat tracing projects. ENGlobal has approximately 2,100 employees in 12 offices and 9 cities. Further information about the Company and its businesses is available at www.ENGlobal.com.
Safe Harbor for Forward-Looking Statements
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties including, but not limited to: (1) the impact on the Company of the changes in its management team; (2) the Company's ability to achieve its business strategy while effectively managing costs and expenses; (3) the Company's ability to successfully and profitably integrate acquisitions; and (4) improvement in the performance of the energy sector. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in ENGlobal's filings with the Securities and Exchange Commission. In addition, reference is hereby made to cautionary statements set forth in the Company's most recent reports on Form 10-K and 10-Q, and other SEC filings. Also, the information contained in this press release is subject to the risk factors identified in the Company's most recent Form 10-K.
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CONTACT: Natalie S. Hairston (281) 878-1000 ir@ENGlobal.com