REG-XP Power Ltd: Board Changes

XP PowerAnnouncement

01/03/2022 07:15

1 March 2022

XP Power Limited

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

Board Changes

XP Power announces that James Peters, Chair of the Board, has informed the
Group of his intention to retire from the Board at the conclusion of the
Company’s AGM in April 2023, at which point he will have completed 35 years
of service with the Group and its predecessor companies.

James will be succeeded as Chair at that time by Jamie Pike who is being
appointed to the Board as a Non-Executive Director, and designate chair, with
immediate effect.

Jamie brings a wealth of relevant experience to the Board having held the role
of a chief executive and chair at a number of mid and large cap public
companies. Following an early career in strategy and management consulting at
Bain & Company, he joined Burmah Castrol in 1991, becoming Chief Executive of
Burmah Castrol Chemicals, before leading the buy-out of Foseco in 2001 and its
subsequent IPO in 2005. Jamie has been Chair of the Board of Spirax-Sarco
Engineering plc since 2018, having joined the Board in 2014. He has previously
held the role of Chair at Cobham, RPC Group, Ibstock and Tyman. Jamie is a
Member of the Institute of Mechanical Engineers.

James Peters, Chair said:

"After more than three decades with the Group, I believe the time is now right
to begin the process of handing over the role of Chair to a successor who will
steer the Board through XP Power’s next phase of growth. Jamie is a highly
experienced Board Chair, having had operational and board level experience
across the industrial products and services, energy and manufacturing sectors,
and I am confident he will make a significant contribution to the Board and to
the Group’s future success."

Jamie Pike said:

"XP Power is a high quality business with a bright future ahead of it and
I’m delighted to be joining the Board at this exciting time in its
development."

There are no other disclosures to be made pursuant to Listing Rule 9.6.13.

Enquiries:

XP
Power                                                                                                                                     

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

Oskar Zahn, Chief Financial
Officer                                                           
+44 (0)118 984 5515

Citigate Dewe
Rogerson                                                                                                            

Kevin Smith/Jos
Bieneman                                                                         
+44 (0)207 638 9571

Note to editors

XP Power designs and manufactures power convertors, 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.

XP Power has invested in research and development and its own manufacturing
facilities in China, Vietnam and North America, 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 250 Index. XP Power
serves a global blue-chip customer base from 29 locations in Europe, North
America, and Asia. 

For further information, please visit xppower.com



Copyright (c) 2022 PR Newswire Association,LLC. All Rights Reserved