Xp Power Regulatory News (XPP)

10 Jun 2005 07:00

XP Power PLC10 June 2005 10 June 2005 XP Power plc ("XP" or "the Group") Director Resignation XP announces that Rich Sakakeeny, a Non-Executive Director of XP, has resignedfrom the Board with effect from 9 June 2005. Larry Tracey said "Rich joined the board as a Non-Executive Director in August2001 and we have been grateful for his contribution during his tenure. We wishhim well for the future". The Group have identified a replacement Non-Executive Director who has expressedhis willingness to join the board from March 2006. - Ends -Enquiries: XP Power plc 0118 984 5515Larry Tracey, Executive ChairmanJames Peters, Deputy ChairmanDuncan Penny, Chief Executive Officer Weber Shandwick Square Mile 020 7067 0700Nick Dibden or Kevin Smith Notes to editors: XP Power plc provides power supply solutions to the mid-tier market of theelectronics industry. All electronic equipment needs a power supply. Power supplies convert theincoming AC supply into various levels of DC voltages to drive electroniccomponents and sub-assemblies within the end user's equipment. By servicing thismarket XP Power provides investors with access to technology and industrialmarkets through its 8,000 strong customers in the profitable, high margin,mid-tier sector of the North American and European markets. The mid-tier of the market is highly fragmented and made up of a large number ofsmall to medium sized Original Equipment Manufacturers who source standard andmodified standard power supplies from several hundred power supply companies. For further information, please visit www.xppower.com This information is provided by RNS The company news service from the London Stock Exchange