Last checked at 16 Jun 2008 07:00
For immediate release 16 June 2008
XP Power Limited ("XP") Appointment of non-executive director
XP announces the appointment of David Hempleman-Adams as a non-executive director with immediate effect.
David (age 51) has a record of achievement in both business and exploration. David is the Chairman of Global Resins Limited, involved in the formulation and manufacture of resin systems for the electrical market. He has been in this market for 24 years. He also serves as a non-executive director of Verridan Plc a company offering consultancy related to training and recruiting. In addition David is a founder and director of Hempleman Investment Company Limited which owns and manages business land and premises, also a director of Cold Climates which offers Adventure Experiences.
As well as David's business interests he is a renowned explorer and in 1998 he became the first person to conquer the North and South Geographic and Magnetic Poles and scale the highest mountain in each of the seven continents, including Everest. In 2003, David became the first person to cross the Atlantic Ocean in an open wicker basket gas balloon. David is also involved in charity work notably as a Trustee of the Duke of Edinburgh Award Scheme.
Larry Tracey, Executive Chairman, said: "We are delighted to welcome David to the Board. He brings a wealth of experience with him and will be extremely valuable to our business as we embark upon our next stage of growth".
David owns 18,850 shares in XP which were acquired before his appointment. There is no additional information to be disclosed in relation to the Listing Rules.
- Ends - Enquiries:XP Power
Larry Tracey, Executive Chairman +44 (0)7785 387142
James Peters, Deputy Chairman +44 (0)7785 353066
Duncan Penny, Chief Executive +65 8322 9520
Weber Shandwick Financial +44 (0)20 7067 0700
Terry Garrett/Nick Dibden/Hannah Marwood
Notes to editors:
XP provides power supply solutions to the electronics industry.
All electronic equipment needs a power supply. Power supplies convert the incoming AC supply into various levels of DC voltages to drive electronic components and sub-assemblies within the end user's equipment. XP segments its business into Communications, Defence and Avionics, Industrial and Medical. By servicing these markets, XP provides investors with access to technology and industrial sectors of the worldwide electronics market.
The market is highly fragmented and made up of a large number of Original Equipment Manufacturers who source standard and modified standard power supplies from several hundred power supply companies.
For further information, please visit www.xppower.com
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