On January 20, 2016, Dr. Ake Almgren, current Class II Director and Chairman of the Board of Directors (Board) of Active Power Inc. indicated that he had decided to retire and tendered his resignation from the company's Board to be effective after the Company's annual meeting of stockholders to be held in 2016 (2016 Annual Meeting). On January 20, 2016, the Company's Board increased the size of the Board from seven to eight directors and appointed Mr. Daryl Dulaney to the Board as a Class II Director. Mr. Dulaney was recommended to the Nominating and Corporate Governance Committee by Mr. Peter Gross.

The Board has elected Mr. Dulaney to succeed Dr. Almgren as Chairman of the Board effective after the 2016 Annual Meeting. Mr. Dulaney is expected to be named to one or more committees at a future Board meeting. 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.