Power Analytics™ today announced its Board of Directors has named
Michael J. Nark as the Company's new President and Chief Executive
Officer effective Aug. 22, 2012. Mr. Nark will also serve on the Board
of Directors of the Company. He succeeds Mark A. Ascolese who has served
as CEO since 2008. The Company has elevated Mr. Ascolese to the position
of Executive Chairman of the Board.
Mr. Nark brings extensive experience in sales, marketing and operations
for software and technology-enabled service delivery businesses. Prior
to joining Power Analytics, Mr. Nark was President and CEO of Prenova, a
privately-held technology-enabled energy management services provider to
the commercial and industrial marketplace. Before Prenova he was
President and CEO of GEOCOMtms, providing fleet management software
solutions to the oil and gas markets. He has also served as Senior Vice
President of Worldwide Sales Operations for Datastream, an enterprise
asset managment software solutions provider to mission critical markets
(now part of Infor), and Executive Director of Sales Operations for
Honeywell International. Mr. Nark holds a B.S. in engineering from Miami
University of Ohio.
"We are extremely pleased to have Michael join Power Analytics as our
new President and CEO. His strong entrepreneurial skills and experience
in power and energy markets make him the perfect person to lead us to
the next level of growth," said Mr. Ascolese, Executive Chairman of
Power Analytics' Board of Directors. "He has a keen understanding of how
our software applications and solutions can reduce our customers' power
and energy-related spending and how we can best bring these solutions to
About Power Analytics Corporation
Used by the power industry for more than 25 years, Power Analytics'
software solutions have surged to the forefront of the electrical system
planning, operation and smart grid market space for use in energy
intensive, mission-critical facilities and microgrids. Paladin products
currently protect more than $100 billion in customer assets including
financial data centers, air traffic control sites, military
installations, deep sea oil platforms, and power generation and
distribution facilities. The company is headquartered in San Diego,
Calif. and has a smart grid center of excellence in Raleigh, N.C.
Paladin, Paladin DesignBase, Paladin Live, Paladin SmartGrid, and Power
Analytics are trademarks of Power Analytics Corporation. For more
information about Power Analytics and its products, visit www.PowerAnalytics.com.
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