REG-XP Power Ltd: Board Change

XP PowerAnnouncement

28/02/2023 07:15

28 February 2023

XP Power Limited

(“XP Power”, “the Group” or “the Company”)

Board Change

XP Power announces that Oskar Zahn, Chief Financial Officer, has resigned from
the Board to take up the position of Chief Financial Officer at W.A.G payment
solutions plc.

Oskar with leave the Group on 31 March 2023. 

David Stibbs, Group Finance Director, will assume the responsibilities of CFO
on an interim basis while the Board conducts a search for a permanent
successor.

The search for a new CFO will consider both internal and external candidates,
and a further update will be issued when appropriate.

James Peters, Chair of XP Power, said “On behalf of the Board I would like
to thank Oskar for his contribution to XP Power over the last two years and
wish him well in his new role.”

Oskar Zahn added “XP Power has been a great place to work. I will continue
to be a keen follower of the business and am sure the Group will continue to
grow as it delivers on its strategy.”

Enquiries:

XP
Power                                                                                                                                     

Gavin Griggs, Chief Executive
Officer                                                        
+44 (0)118 984 5515

Citigate Dewe
Rogerson                                                                                                            

Kevin Smith/Lucy
Gibbs                                                                             
+44 (0)207 638 9571

Note to editors

XP Power designs and manufactures power controllers, the essential hardware
component in every piece of electrical equipment that converts power from the
electricity grid into the right form for equipment to function. Power
controllers are critical for optimal delivery in challenging environments but
are a small part of the overall customer product cost.

XP Power has invested in research and development and its own manufacturing
facilities in China, North America, and Vietnam, to develop a range of
tailored products based on its own intellectual property that provide its
customers with significantly improved functionality and efficiency.

Headquartered in Singapore and listed on the Main Market of the London Stock
Exchange since 2000, XP Power is a constituent of the FTSE SmallCap Index. XP
Power serves a global blue-chip customer base from over 30 locations in
Europe, North America, and Asia. 

For further information, please visit xppowerplc.com



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