Investor Relations

Board of Directors

Dr. Ake Almgren

Dr. Almgren has served as a member of the Active Power Board since March 2004 and as chairman since December 2012. From March 2009 until September 2011, Dr. Almgren served as CEO and president of International Battery, a manufacturer of lithium ion cells and batteries. Since May 2003, Dr. Almgren has also served as president of his consultant company, ORKAS Inc. From July 1998 to May 2003, Dr. Almgren served as CEO and president of Capstone Turbine Corp.

Prior to his employment at Capstone, Dr. Almgren had a 26-year career at ASEA Brown Boveri Limited (ABB), a worldwide power solutions company, where he was president of several ABB companies, including ABB Power T&D Co., involved in electric transmission and distribution equipment and systems worldwide. Dr. Almgren also serves on the board of managers of PJM Interconnect LLC.

Dr. Almgren holds a Ph.D. in Engineering from Linkopings Tekniska Hogskola in Sweden and a master’s degree in Mechanical Engineering from the Royal Institute of Technology in Stockholm, Sweden.

Mark Ascolese
Director, President and CEO

A proven business leader and strategist, Mark Ascolese brings to Active Power a proven track record in positioning early stage, midsize, and large companies to deliver bottom line results in complex and rapidly changing environments. Mr. Ascolese is an electrical infrastructure and energy management expert with more than 40 years of experience serving a variety of mission critical and energy markets including the data center market.

Since 2006, Mr. Ascolese first served as CEO and most recently as board chairman of Power Analytics, an electrical infrastructure enterprise software firm based in San Diego, Calif., that serves global mission critical and energy management markets.

He led the team that created and implemented the company’s first strategic plan which has resulted in the firm gaining greater share in a multibillion dollar smart grid market. Under his leadership, Power Analytics also broadened its intellectual property portfolio, filing more than 150 global patents with more than 25 awarded to date, and secured key contracts and licensing agreements with marquee customers.

Prior to Power Analytics, Mr. Ascolese served in total more than 20 years in various leadership roles at Powerware, a global provider of power quality and backup power management products, which is now a part of Eaton Corp.

As president of Powerware from 2002 to 2004, Mr. Ascolese put in place a new management team, a new product development roadmap, and established the Powerware brand globally. The business grew substantially and was subsequently acquired by Eaton Corp. in 2004. Mr. Ascolese was retained by Eaton following the acquisition to oversee the integration of the company and lead all global sales and marketing efforts including the creation and implementation of the Power Chain Management™ initiative, helping establish the supplier as a leader in the mission critical enterprise space.

From 2000-2002, Mr. Ascolese served as senior vice president of Business Development at Active Power during the company’s initial public offering. In this role, he led the effort in securing multimillion dollar distribution and development agreements with key market players.

His career also includes 12 years at General Electric serving in a variety of management roles in the company’s service organization. While at GE, Mr. Ascolese gained a reputation as a turnaround specialist in the field operations organization and was part of the team that developed the first Quality of Service Management System, a benchmark now used in and outside service organizations.

Mr. Ascolese earned a bachelor’s of Science in Commerce from the University of Louisville.

Stephen Clearman

Stephen Clearman was appointed to Active Power board of directors in June 2012. 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 responsible for the origination and management of numerous venture capital investments. In addition to these stints, Mr. Clearman has been a director of a number of public and privately held companies.

Mr. Clearman received a bachelor’s degree in Mathematics from Haverford College, a master’s of Science in Electrical Engineering from Columbia University, and a law degree from Harvard University.

James E. deVenny, III

James E. deVenny III has served as a member of our board of directors since March 2008. 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 though his business JD Investments. Prior to founding Dataside, Mr. deVenny co-founded Computex Support Systems where he was involved in the design and development of mission critical data centers and telecommunications sites for 15 years. 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 Lumenate, a private technology consulting services company. He holds a bachelor’s of science in Journalism and Communications from the University of Florida.
Robert Greenberg

Robert Greenberg has served as a member of our Board of Directors since March 2009. Since January 2009, 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 5 years with Nissan Americas, the US 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 Computer, Inc and Exxon Mobil, including time spent in Asia Pacific. Mr. Greenberg holds both a Bachelor of Science and Masters of Engineering degrees in Operations Science and Industrial Engineering from Cornell University and an MBA in Finance from the University of Maryland.
Thomas Patrick Kelly

Thomas Patrick Kelly serves as interim CFO for Panera Bread leading all finance and accounting teams for the bakery-café company. Prior to joining Panera in April 2012, Kelly was interim CFO for Hawker Beechcraft Corp., a Wichita, Kan. based aerospace manufacturing company. Before joining Hawker Beechcraft, he served as interim CEO at ExpressJet, a regional airline in Houston, Texas. Kelly has also held a number of senior financial positions at Vignette Corp., which was acquired by Open Text Corp.; Dell, Inc.; Trilogy Enterprises; Sabre Holdings; and American Airlines.