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United States

Active Power Inc (ACPW.PH)

ACPW.PH on Philadelphia Stock Exchange

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29 Nov 2016
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Summary

Name Age Since Current Position

Mark Ascolese

65 2013 President, Chief Executive Officer, Director

James Powers

54 2013 Chief Financial Officer, Vice President - Finance

Daryl Dulaney

2016 Director

Steven Sams

2016 Director

Stephen Clearman

64 2012 Independent Director

James deVenny

67 2008 Independent Director

Robert Greenberg

61 2009 Independent Director

Peter Gross

64 2015 Independent Director

Thomas Kelly

58 2013 Independent Director

Biographies

Name Description

Mark Ascolese

Mr. Mark A. Ascolese is the President and Chief Executive Officer of the Company. Mr. Ascolese has more than 40 years of experience serving a variety of mission critical and energy markets, including data centers. Prior to joining Active Power, Mr. Ascolese first served as CEO and then as Executive Board Chairman of Power Analytics Corporation (now part of Causam Energy, Inc.), an electrical infrastructure enterprise software firm focused on the mission critical and smart grid markets. Mr. Ascolese was appointed CEO of Power Analytics in March 2008 where he recruited the organization’s management team and created and implemented a successful strategic plan, transitioning the firm from a family owned company to a professionally managed business. In August 2012, Mr. Ascolese was appointed Executive Board Chairman at Power Analytics and served in this role prior to joining Active Power in October 2013. Previously, he served as President at Powerware Corporation (now part of Eaton Corporation) and in senior management positions at General Electric Company. From 2000 through 2002, Mr. Ascolese served as Senior Vice President of Business Development at Active Power during the company’s initial public offering. Mr. Ascolese earned a bachelor’s of Science in Commerce from the University of Louisville.

James Powers

Mr. James A. Powers is the Chief Financial Officer and Vice President of the Company. As Chief Financial Officer, Vice President of Finance, he oversees all accounting, finance, treasury, and investor relations activities, as well as the company’s IT organization. From May 2013 until he joined Active Power, he served as Senior Vice President of Finance of the U.S. Windows and Doors division of Ply Gem Industries, Inc., a North American manufacturer of exterior building products. In this role, he managed the finance and IT organizations, leading all accounting, forecasting, budgeting, reporting, business analysis, internal controls, and working capital management activities. From May 2006 through May 2013, Mr. Powers served in various executive finance positions at Xerium Technologies Inc., a global manufacturer and supplier of consumable products and services used in various industries. From January 2011 through May 2013, he served as Vice President and Global Controller where he managed all corporate controllership functions, including SEC reporting and board financial reporting and analysis. From June 2008 through December 2010, Mr. Powers was Vice President of Finance, North America, at Xerium where he directed a broad range of financial functions. Prior to 2006, Mr. Powers served in various executive finance positions for international electrical equipment manufacturing businesses within Invensys Group PLC and ABB Ltd. Mr. Powers received a bachelor’s of Science in Accounting from the State of University of New York at Albany.

Daryl Dulaney

Mr. Daryl Dulaney is Director of the Company. Daryl Dulaney Bio Daryl Dulaney is a corporate leader with more than 30 years of experience. Before retiring in the fall of 2014, he served as CEO of Siemens Infrastructure and Cities Sector for North America, a provider of sustainable technologies for metropolitan areas and their infrastructures. During that time, he also served as CEO of Siemens Industry, Inc., a position he held since October 2009. His career at Siemens Industry, Inc., spanned more than 18 years in various executive leadership positions. Prior to his time at Siemens, Dulaney served in various management positions for suppliers of building automation and process control products. Dulaney received a master's degree in Business Administration from the Kellogg School of Management at Northwestern University and a bachelor's degree in Architecture from Ohio State University.

Steven Sams

Mr. Steven Sams is Director of the company. effective Feb. 11, 2016. He has extraordinary technology and business expertise, having spent more than 13 years in multiple executive roles at IBM and nearly 34 years in aggregate at the company," said Dr. Ake Almgren, chairman of Active Power's board of directors.

Stephen Clearman

Mr. Stephen J. Clearman is an Independent Director of Active Power, Inc. Mr. Clearman currently serves as managing partner and co-founder of Kinderhook Partners, LP. Prior to co-founding Kinderhook Partners in 2003, Mr. Clearman co-founded Geocapital Partners, a leading venture capital firm that managed more than $500 million in a series of partnerships in North America and Europe. Prior to his work at Geocapital Partners, Mr. Clearman spent four years at Adler and Company which was responsible for the origination and management of numerous venture capital investments. In addition, Mr. Clearman has been a director of a number of public and privately held companies. In March 2012, Active Power entered into a Securities Purchase Agreement pursuant to which Kinderhook Partners purchased 1,764,705 shares of common stock for an aggregate purchase price of approximately $6,0 million. In connection with such transaction, Active Power entered into a Side Letter Agreement with Kinderhook Partners pursuant to which Mr. Clearman was appointed to the board of directors and Active Power is obligated to use its reasonable best efforts to include Mr. Clearman in the proxy statement as a nominee for election to the board of directors in any year in which such inclusion is required by Active Power’s governing documents or applicable law.

James deVenny

Mr. James E. J. deVenny, III, is an Independent Director of Active Power, Inc. From 1999 until March 2008, Mr. deVenny served as the co-founder, President and Chief Executive Officer of Dataside LLC, a Texas-based provider of enterprise data center space and managed network services. Mr. deVenny is now an independent consultant through his business, JD Investments. Prior to founding Dataside, Mr. deVenny co-founded Computex Support Systems, where he was employed for 15 years and was involved in the design and development of mission-critical data centers and telecommunications sites. Prior to this he spent five years as Vice President of Sales and Marketing for International Power Machines, a manufacturer of uninterruptible power supply systems. Mr. deVenny also serves on the boards of directors of Lumenate, a private technology consulting services company and Verado, an energy services software company. He holds a Bachelor of Science degree in Journalism and Communications from the University of Florida.

Robert Greenberg

Mr. Robert S. Greenberg is an Independent Director of Active Power, Inc. Mr. Greenberg has been the Chief Information Officer and Vice President for Agco Corporation, a global manufacturer and distributor of agricultural equipment. Prior to joining Agco Corporation, Mr. Greenberg was Vice President and Chief Information Officer for five years with Nissan Americas, the U.S. subsidiary of Nissan Motor Ltd, a global automotive manufacturer. Mr. Greenberg also served in executive and CIO capacities over 20 years with Avaya, Inc., a global enterprise communications provider, Dell Inc. and Exxon Mobil, including time spent in Asia Pacific. Mr. Greenberg holds both Bachelor of Science and Masters of Engineering degrees in Operations Science and Industrial Engineering from Cornell University and an M.B.A. in Finance from the University of Maryland.

Peter Gross

Peter Gross is Independent Director of Active Power, Inc. Gross currently serves as vice president of Mission Critical Systems for Bloom Energy, a leading manufacturer of solid-oxide fuel cells. Gross becomes the seventh director to the company’s board. Peter Gross has more than 30 years of experience in the engineering and design of power systems for applications in data centers, trading floors, command and control centers, and telecommunication and broadcasting facilities. He currently leads the Mission Critical Systems group at Bloom Energy. Prior to joining Bloom Energy, Gross was managing partner for Carbon, Power, and Critical Facilities Services at Hewlett Packard (HP) where he was responsible for strategic technology planning and business development. Prior to that, he was the co-founder and CEO of EYP Mission Critical Facilities, Inc., a consulting and engineering firm dedicated to the design and operations of data centers until its acquisition by HP in January 2008. Gross currently serves on the board of advisors at the Institute of the Environment and Sustainability at the University of California Los Angeles, an organization dedicated to promoting sustainability science in academia, policy, and commerce. He also serves on the board of directors at Asetek A/S, a leading provider of liquid cooling systems for data centers, servers, workstations, gaming, and high performance PCs listed on the Oslo Stock Exchange.

Thomas Kelly

Mr. Thomas Patrick Kelly is an Independent Director of Active Power, Inc. He served as interim CFO from April 2012 through March 2013 for Panera Bread leading all finance and accounting teams for the bakery-café company. Prior to joining Panera, Mr. Kelly was interim CFO for Hawker Beechcraft Corp., a Wichita, Kansas based aerospace manufacturing company, from February 2011 to August 2011. Before joining Hawker Beechcraft, he served as interim CEO at ExpressJet, a regional airline in Houston, Texas. Mr. Kelly has also held a number of senior financial positions at Vignette Corp., which was acquired by Open Text Corp.; Dell, Inc.; Trilogy Software; Sabre Holdings; and American Airlines.

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