Active Power has appointed a new President and CEO, Mark Ascolese. Ascolese will take over from Ake Algerman, the interim CEO, on October 14, 2013.
Ascolese joins the UPS manufacturer from Power Analytics, an electrical infrastructure enterprise software firm based in San Diego, where he was Chairman of the Board.
Dr. Almgren will continue his role as Chairman of the company’s board of directors, on which Ascolese will also serve.
“We are excited to have an industry veteran like Mark on board,” said Almgren. “We believe his track record and deep knowledge of UPS products and mission critical markets will greatly benefit our business.”
Ascolese has more than 20 years experience in the power industry at high management and presidential level.
