Axion Power International Inc. announced the appointment of Stephen Graham as Chief Financial Officer of the company. He succeeds Charles Trego, who resigned for personal reasons and was elected to the Board of Directors by the shareholders at the Annual Shareholder Meeting on September 26. The appointment of Stephen Graham is effective October 21, and Mr. Trego has agreed to assist in the transition as needed.

Mr. Graham was most recently Executive and Financial Consultant with CMF Associates LLC.