Axion Power International Inc. announced that its Board of Directors has appointed veteran operating and financial executive, David T. DiGiacinto, to be its Chief Executive Officer, effective from July 1, 2014. The Board elected Mr. DiGiacinto its Chairman; he was appointed to the Board in February 2014. Mr. DiGiacinto replaces longtime Axion Power Chairman and CEO, Thomas Granville, who is stepping down to address a significant health problem.

Mr. Granville has signed a new 3 year employment contract to serve as special assistant and liaison to the CEO and will continue to work out of the New Castle office. He will also remain on the Board.