XPP.GB XP Power Ltd

 
TIDMXPP 
 
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 
 
 
 
END 
 
 

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March 01, 2022 02:00 ET (07:00 GMT)

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