Business
Appointment of Chief Financial Officer
Appointment of Chief Financial Officer.
About this update from Xp Power Ltd.
[{"type":"text","content":"\n\n \n \n\n\n\n\n1 August 2023\nXP Power Limited\n(\"XP Power\", \"the Group\" or \"the Company\")\nAppointment of Chief Financial Officer\nXP Power is pleased to announce the appointment of Matt Webb as Chief Financial Officer (CFO) with effect from 4 September 2023 and he will be appointed as an Executive Director of the Board at the Board meeting scheduled for 5 October 2023.\nMatt brings with him over 25 years' experience of working within international businesses at Group and Divisional level, giving him a broad strategic and operational skillset. Most recently he was Chief Financial Officer at Luceco plc, a FTSE Main Market designer and manufacturer of LED lighting, EV charging equipment and electrical wiring devices, from February 2018 until April 2023.\nPrior to Luceco plc, Matt spent 11 years with Ferguson plc, the multinational building materials distribution business, in various strategic and financial roles that included time spent in the USA as Finance Director for Ferguson's largest division. His earlier career was spent with BPB plc and Saint-Gobain. Matt qualified as a Chartered Accountant with KPMG LLP and holds a degree in Engineering Science from the University of Oxford.\nThe appointment of Matt Webb follows an extensive search and selection process. The Board would like to thank David Stibbs, Interim CFO, for leading the finance team over the last five months and look forward to his continuing contribution to the success of the Group.\nJamie Pike, Chair of XP Power, said:\n\"I am delighted to welcome Matt Webb as CFO. He is an experienced CFO with a track record of bringing strategic, operational and financial improvements to growing, listed manufacturing businesses. We are confident that the wealth of skills and knowledge he has accrued in senior roles within large, international businesses will be a valuable asset to XP Power. XP Power has ambitious, global growth plans and we look forward to Matt's contribution.\"\nMatt Webb added:\n\"XP Power has enviable positions in attractive markets with clear long-term growth potential and I am delighted to be joining the Group at such an exciting time as it continues to lay the foundations necessary to maximise future progress.\"\nThere are no other disclosures to be made pursuant to Listing Rule 9.6.13.\nEnquiries:\n \nXP Power \nGavin Griggs, Ch...