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Active Power Names Fife CFO

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Active Power (NASDAQ: ACPW), manufacturer of continuous power solutions and critical backup power systems, today announced Steven Fife has joined the company as vice president of Finance and will be appointed CFO on Oct. 31, 2012. John Penver, current CFO, will step down at that time. "Steven is a seasoned finance and operations strategist with domestic and international experience across diverse industries including manufacturing, telecommunications, semiconductor, and professional services," said Doug Milner, president and CEO, at Active Power. "We are pleased to have someone with Steven's background and accomplishments in building highly effective finance and accounting functions for small to multibillion dollar organizations. I'm confident he will add tremendous value to Active Power."

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