XPP.GB XP Power Ltd

 
TIDMXPP 
 
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 
 
 
 
END 
 
 

(END) Dow Jones Newswires

February 28, 2023 02:02 ET (07:02 GMT)

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