24 Feb 2009 07:00
Date: 24 February 2009
On behalf of: Advanced Power Components plc ("APC" or the "Company")
Embargoed until: 0700hrs
Advanced Power Components Plc
Board Change
Advanced Power Components (AIM: APC), the UK specialist distributor and manufacturers' representative of electronic components, is pleased to announce the appointment of William David as Non-Executive Chairman with immediate effect, following the retirement of Rex Thorne.
William David, 57, has been a Non-Executive Director on the Board of APC since 1 August 2007. He has more than 20 years' experience working in corporate advisory and broking roles for small to mid cap companies, working on a number of flotations, acquisitions, disposals, public takeovers and secondary fundraisings across a range of sectors. William is also a Non-Executive Director of Cello plc.
Commenting on the Board change, Mark Robinson, CEO of Advanced Power Components, said:
"On behalf of the Board, I would like to thank Rex for his significant contribution to APC and wish him well with his a very happy retirement.
"We are delighted to appoint William as Chairman of the Board. As a Non-Executive Director, we have benefited considerably from William's wealth of experience with listed companies. The Group is at an exciting stage in its development and William's continued input and guidance will be invaluable as APC continues to grow."
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Enquiries:
| Advanced Power Components plc | 01480 226600 |
| Mark Robinson, Chief Executive Officer | www.apc-plc.co.uk |
| Redleaf Communications | 020 7566 6700 |
| Samantha Robbins/ Anna Dunkin/ Henry Columbine | apc@redleafpr.com |
| Strand Partners | 020 7409 3494 |
| James Harris/ Angela Peace | |
| St Helen's Capital | 020 7628 5582 |
| Ruari McGirr |
About Advanced Power Components
APC plc is a leading specialist distributor of electronic components, comprising eight areas of activity:
APC Hi-Rel distributes a variety of specialist electronic components into applications where component reliability is of paramount importance. Hi-Rel's franchised product lines include power semiconductors, power supplies, memory, wound and high voltage components.
APC Locator is the number one solutions provider for obsolete and hard-to-find parts, with 25 years' experience in the industrial and defence/aerospace markets across Europe.
APC Hero has a specialist team of Product Managers ready to assist with your next design, our key areas include LEDS/LAMPS, drivers, wireless devices and modules, Zigbee, specialist sensors and crystals (plus fast turn around on programming).
APC Go! provides a kitting and materials management service to companies wanting to outsource non core activities, offering services ranging from material procurement to full production management.
APC Displays+ provides dedicated technical and commercial support for a wide range of LCD`s, standard, custom, TFT, e-signage, character, graphics, driver boards, IC`s, single board computers and all related connectivity.
APC Novacom is a distributor and manufacturers' representative for RF and microwave frequency electronic components. The business is managed by a team of technical specialists with many years experience in the RF and Microwave industry.
APC Contech is a distributor of specialist data input devices for industrial, broadcasting and medical sectors providing technically advanced solutions for specific application areas.
APC KVAR is a manufacturer and distributor of power saving equipment which optimises the performance of electrical motors, leading to reduced energy consumption and cost savings.