XP Power Limited announced that James Peters, Chair of the Board, has informed the Group of his intention to retire from the Board at the conclusion of the Company's AGM in April 2023, at which point he will have completed 35 years of service with the Group and its predecessor companies. James will be succeeded as Chair at that time by Jamie Pike who is being appointed to the Board as a Non-Executive Director, and designate chair, with immediate effect. Jamie brings a wealth of relevant experience to the Board having held the role of a chief executive and chair at a number of mid and large cap public companies.

Following an early career in strategy and management consulting at Bain & Company, he joined Burmah Castrol in 1991, becoming Chief Executive of Burmah Castrol Chemicals, before leading the buy-out of Foseco in 2001 and its subsequent IPO in 2005. Jamie has been Chair of the Board of Spirax-Sarco Engineering plc since 2018, having joined the Board in 2014. He has previously held the role of Chair at Cobham, RPC Group, Ibstock and Tyman.

Jamie is a Member of the Institute of Mechanical Engineers.