– SINGAPORE, Singapore – XP Power Limited (LON: XPP) announced the appointment of Daniel Shook to its Board as Non-Executive Director from 1 January 2025.
“I am delighted to welcome Daniel to XP Power. Daniel brings with him significant financial and board level experience and his 30 years’ experience in global manufacturing, supply chain and distribution companies across multiple geographies and sectors will be of great value to the XP board. His commitment to the sustainability agenda will be an additional asset as we continue the Group’s development.” said Board Chair, Jamie Pike.
Daniel Shook will also join the Nomination, Remuneration, and Audit Committees. He will take over from Polly Williams as chair of the Audit Committee at the AGM in April 2025.
About Daniel Shook
Daniel Shook is CFO at IMI plc, the FTSE 100 international engineering group. Having joined the IMI board in 2015, he has extensive financial management experience and knowledge of complex manufacturing processes across various global industrial sectors. He will be retiring from the IMI Board in 2025. Before IMI, Daniel was CFO and a member of the executive Board at Borealis AG, having previously held senior financial and management roles at The BOC Group plc. Daniel was a non-executive director and Audit Committee Chair of Ultra Electronics Holdings plc from 2019-2022.
About XP Power
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 typically designs power control solutions for the end products of major blue-chip OEMs, with a focus on Semiconductor Manufacturing Equipment (circa 36% of sales in H1 2024), Healthcare (circa 24% of ales in H1 2024), and 2 Industrial Technology (circa 40% of sales in H1 2024) sectors. Once designed into a program, XP Power has a revenue annuity over the life cycle of the customer’s product which is typically five to seven years depending on the industry sector. XP Power has invested in research and development and its manufacturing facilities in China, North America, and Vietnam, to develop a range of tailored products based on its intellectual property that provides 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 All Share Index. XP Power serves a global blue-chip customer base from over 30 locations in Europe, North America, and Asia.
For more: https://www.xppower.com/
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