– SINGAPORE/UK – XP Power announces that Terry Twigger will join the Board as a non-executive director with effect from 1 January 2015.
Terry joined Meggitt PLC, the FTSE100 global engineering group specialising in extreme environment components and smart sub-systems for aerospace, defence and energy markets, in July 1993 and spent 20 years with the group, the last 12 as Chief Executive. During his tenure as Chief Executive Meggitt grew its revenues from £0.4Bn to £1.6Bn through a combination of organic growth and numerous successful acquisitions. He retired from Meggitt in May 2013 and is currently a non-executive director of Essentra plc, the supplier of specialist plastic, fibre, foam and packaging products.
Once in post, Terry will assume the role of senior independent director and chair XP Power’s Audit Committee.
In addition, David Hempleman-Adams will retire from the XP Power Board with effect from 31 December 2014.
James Peters, XP Power Chairman commented: “We are pleased to welcome Terry to the Board. He brings with him a wealth of international and public company experience in the engineering sector and I am confident that he will make a significant contribution to the growth of our business.”
“On behalf of my Board colleagues I would also like to thank David for his contribution to XP over the last six years and wish him well for the future.”
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