US battery firm Axion Power International (Axion) has named Charles R. Trego as the company’s financial officer.
Trego, who is also a member of the company’s board of directors, will report directly to chairman and chief executive officer David DiGiacinto.
64-year-old Trego previously served as the lead-carbon battery maker’s CFO from 2010 to 2013 and has worked as a consultant in the role of interim CFO since March 2014 after Stephen Graham resigned.
“With our recent financing and uplisting to Nasdaq now complete, we are focused squarely on PbC revenue growth, keeping our costs in control, manufacturing and strategic partnerships and Chuck will play a major role in these efforts,” said DiGiacinto.
Trego was formerly executive vice president and chief financial officer of Minrad International, an Amex-listed pharmaceutical and medical device company. Prior to that, he was senior cice president and chief financial officer of Elmira NY-based Hardinge.
He holds an accounting degree and an MBA from the University of Dayton.
“The future of Axion Power is in the large and rapidly growing transportation, power storage and frequency regulation markets and we are excited to have an executive of Chuck’s caliber aboard permanently with us,” added DiGiacinto.
The appointment news come shortly after Axion announced to deliver lead-carbon batteries and its energy storage system (ESS) to a solar farm in Pennsylvania, US.