Investor Relations

Leadership Team

Biography PhotoMark A. Ascolese
President and CEO

A proven business leader and strategist, Mark A. 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 data centers.

Prior to P10 Industries, Ascolese served as president and CEO of Active Power, a manufacturer of flywheel energy storage products and modular infrastructure solutions, which was acquired by Piller USA, Inc., a subsidiary of Langley Holdings PLC in November 2016. Prior to joining Active Power, Ascolese first served as CEO and then as board chairman of Power Analytics, an electrical infrastructure enterprise software firm. He served as president at Powerware Corporation (now part of Eaton Corp.) and in senior management positions at General Electric.

From 2000-2002, 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 efforts in securing multimillion dollar distribution and development agreements with key market players.

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

Biography PhotoJay Powers
Chief Financial Officer and Vice President, Finance

A certified public accountant, Jay Powers is an accomplished finance leader with broad and deep experience at both domestic and international organizations in a variety of industries including manufacturing, power quality, and energy storage.

Powers brings more than 30 years of finance, accounting, and operations experience to P10 Industries with a proven record of protecting assets, implementing new processes that lead to operational improvements, and succeeding in fast paced, change driven environments.

Powers most recently served as CFO and vice president of Finance for Active Power, a manufacturer of flywheel energy storage products and modular infrastructure solutions, which was acquired by Piller USA, Inc., a subsidiary of Langley Holdings PLC in November 2016. Prior to Active Power, he served as senior vice president of Finance of the U.S. Windows and Doors division of PlyGem Industries. He has also served in executive finance and accounting roles at large multinational companies including Xerium Technologies, Invensys PLC (Powerware), and ABB.

Powers received a bachelor’s of Science in Accounting from the State of University of New York at Albany.