Active Power names Mark A. Ascolese President and Chief Executive Officer

Active Power has named Mark A. Ascolese as president and chief executive officer. Mr. Ascolese will assume his position effective Oct. 14, 2013. At that time, Mr. Ascolese will replace Dr. Ake Almgren who currently serves as interim president and CEO. Dr. Almgren will continue his role as chairman of the company’s board of directors. Mr. Ascolese will also serve on the company’s board of directors.

Friday, 4th October 2013 Posted 11 years ago in by Phil Alsop

“We are excited to have an industry veteran like Mark on board,” said Dr. Ake Almgren. “We believe his track record and deep knowledge of UPS products and mission critical markets will greatly benefit our business.”

“Active Power has a highly differentiated product offering with a convincing value proposition, a strong base of global customers, and a solid operating platform from which to grow the business,” said Mr. Ascolese. “I’m excited about what the future holds particularly for the new CSHD UPS as I believe it will position Active Power as an even stronger participant in the market than it is today.”