Austin, Tx., USA - July 10, 2013, Austin, Tx., USA - Active Power, a manufacturer of uninterruptible power supply systems, announced Ake Almgren, the company's chairman of the board, will become the company's interim president and CEO.
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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 the Chief Executive Officer 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 Chief Executive Officer 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 Masters of Mechanical Engineering from the Royal Institute of Technology in Stockholm, Sweden.
He will succeed Doug Milner, who submitted his resignation as president and CEO effective July 29, 2013, and also resigned from the company's board of directors effective July 8, 2013.
Mr. Milner most recently served as chief operating officer at Aquilex Corporation, a global provider of critical maintenance, repair, and industrial cleaning solutions to the energy services sector. Prior to Aquilex, he was president of Stowe Woodward, a subsidiary of Xerium Technologies.
Mr. Milner’s career also includes senior leadership roles at Ziptronix, Inc., and Exide Electronics which was subsequently Powerware Corporation, a global leader in UPS technology prior to the company being acquired by Eaton. Mr. Milner drove overall strategy and global operations for Power Systems Group, a business unit of Invensys plc. ■