XP Power announced that Matt Webb will be appointed as an Executive Director of the Board at the Board meeting scheduled for 5 October 2023. Matt 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.

Prior 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.

The appointment of Matt Webb follows an extensive search and selection process.