Active Power Appoints Dr. Ake Almgren as Interim President and CEO
AUSTIN, TX -- (Marketwired) -- 07/09/13 -- Active Power (NASDAQ:
ACPW), manufacturer of uninterruptible power supply (UPS) systems and
modular infrastructure solutions, today announced Dr. Ake Almgren,
the company's chairman of the board, will become the company's
interim president and CEO.
Dr. Almgren will succeed Doug Milner, who submitted his resignation
as president and CEO effective July 29, 2013, and informed the
company's board he has accepted an offer to pursue a new opportunity.
Milner also resigned from the company's board of directors effective
July 8, 2013.
"We are disappointed with Doug's decision, but are confident we will
identify a strong leader to succeed him," said Dr. Ake Almgren, who
will assume the role of interim president and CEO on July 29, 2013,
effective upon Milner's resignation.
Dr. Ake Almgren Executive Biography
Dr. Almgren, 67, has served as a
member of the Active Power Board since March 2004 and as Chairman
since December 2012. From March 2009 until September 2011, Dr.
Almgren served as the Chief Executive Officer and President of
International Battery, a manufacturer of lithium ion cells and
batteries. Since May 2003, Dr. Almgren has also served as President
of his consultant company, ORKAS Inc. From July 1998 to May 2003, Dr.
Almgren served as Chief Executive Officer and President of Capstone
Turbine Corp. Prior to his employment at Capstone, Dr. Almgren had a
26-year career at ASEA Brown Boveri Limited (ABB), a worldwide power
solutions company, where he was President of several ABB companies,
including ABB Power T&D Co., involved in electric transmission and
distribution equipment and systems worldwide. Dr. Almgren also serves
on the board of managers of PJM Interconnect LLC. Dr. Almgren holds a
Ph.D. in Engineering from Linkopings Tekniska Hogskola in Sweden and
a Masters of Mechanical Engineering from the Royal Institute of
Technology in Stockholm, Sweden.
About Active Power
Founded in 1992, Active Power designs and
manufactures uninterruptible power supply (UPS) systems and modular
infrastructure solutions that enable data centers and other mission
critical operations to remain 'on' 24 hours a day, seven days a week.
The combined benefits of its products' power density, reliability,
and total cost of ownership are unmatched in the market and enable
the world's leading companies to achieve their most forward thinking
data center designs. The company's products and solutions are built
with pride in Austin, Texas, at a state-of-the-art, ISO 9001:2008
registered manufacturing and test facility. Global customers are
served via Austin and three regional operations centers located in
the United Kingdom, Germany, and China, supporting the deployment of
systems in more than 50 countries. For more information, visit
Active Power and CleanSource are registered trademarks of Active
Power, Inc. The Active Power logo and PowerHouse are trademarks of
Active Power, Inc. All other trademarks are the properties of their
SOURCE: Active Power, Inc.
Senior Public Relations Manager
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