WASHINGTON (dpa-AFX) - Active Power Inc. (ACPW) announced that Ake Almgren, a current member of Active Power's board, has been named chairman of the board of directors.
Benjamin Scott has informed the company that he will not seek reelection as a member of the board when his term expires and as such has stepped down from his position as chairman of the board. Scott will remain a member of the board of directors until his term expires at the time of the company's annual shareholder meeting in 2013.
Ake Almgren has served as a member of the company's board of directors since March 2004. For more than 25 years, Almgren has led business entities providing electric systems and equipment. In May 2003, Almgren founded Orkas, Inc., a consulting firm focused on new energy technologies. Almgren was president and CEO of Capstone Turbine Corporation from 1998 to 2003. Prior to Capstone, he was president of several ABB companies, including ABB Power T&D Co., involved in electric transmission and distribution systems worldwide.
Copyright RTT News/dpa-AFX