CUI Global, Inc. announced that its Board of Directors has appointed Vice Chairman James ("Jim") O'Neil to the role of chief executive officer effective immediately. Mr. O'Neil succeeds William J. Clough, who remains with the Company as executive chairman, president and chief legal officer. In addition, Sarah Tucker, an oil and gas industry veteran, has been appointed to the Board of Directors effective immediately.

Ms. Tucker replaces Mr. O'Neil as an independent director. Her appointment increases the size of the Company's board from 6 to 7. Mr. O'Neil has served as vice chairman for CUI Global since July 2019 and has been instrumental in formulating and executing on the Company's transformation plan that reshapes the Company into a diversified energy services platform. He was previously chief operating officer, chief executive officer and president of Quanta Services, Inc.