Axion Power International Inc. announced that the company's Board of Directors appointed Richard Bogan, CEO, as its Chairman and Donald Farley, as its Vice Chairman.
The realignment is consistent with the company's traditional combination of the CEO and Chairman roles and is as a result of the transfer of leadership responsibilities to Bogan. Farley will continue to play a prominent role as Vice Chairman and will focus on strategic growth initiatives and partnering opportunities. Bogan has more than 35 years of experience in executive leadership. He was with Philip Morris Companies for 20 years, rising to Senior VP and CFO of the Miller Brewing Company subsidiary. Effective as of April 21, Stanley Hirschman resigned as a director and chairman and member of the Audit Committee of the company due to his inability to devote the time and resources necessary to continue in his role as a director. The Board appointed Michael Kishinevsky as the interim chairman of its Audit Committee.