Capstone Turbine CEO Ake Almgren Steps Down

March 02, 2003 by Jeff Shepard

Capstone Turbine Corp. (Chatsworth, CA) confirmed that Ake Almgren has stepped down from his role as President and CEO and as a member of Capstone's Board of Directors. Emily Liggett, interim Chief Operating Officer, was named interim CEO and President. In October, Capstone had announced Almgren's intention to retire and, a month later, appointed Emily Liggett to assist Almgren in the transition.

"The board has the utmost confidence in Emily and her ability to lead Capstone during this transition period while we seek a permanent CEO," said Eliot Protsch, chairman of the board of Capstone Turbine. "We greatly appreciate the contributions Ake has made to Capstone over his many years of service and thank him for his continued commitment to the company."