The board

	Larry Tracey - Executive Chairman Larry co-founded Powerline PLC in 1979, where he focused on the strategic direction of the business. In March 1984, he was responsible for the flotation of Powerline on the Unlisted Securities Market of the London Stock Exchange and earnings grew 220 per cent in its three years as a quoted company. Larry headed Powerline's expansion into Germany and the US. Powerline was acquired by Chloride PLC in September 1987. In May 1990, Larry joined the board of XP PLC as an Executive Director. In April 2000 he was appointed as Chief Executive Officer. He is responsible for Group strategy including acquisition policy. In April 2002 he became Chairman and Chief Executive of XP and in February 2003 assumed the role of Executive Chairman.

	James Peters - Deputy Chairman James has over 20 years experience in the power supply industry. He joined Powerline shortly after its formation in 1980 and was involved in various aspects of the business. In November 1988 he founded XP. In April 2000, he was appointed as European Managing Director of XP and he is responsible for the overall management of the Group's European businesses. In February 2003 James was appointed Deputy Chairman of XP.

	Duncan Penny - Chief Executive Between October 1998 and March 2000, Duncan was the controller for the European, Middle Eastern and African regions for Dell Computer Corporation, prior to which Duncan spent eight years working for LSI Logic Corporation where he held senior financial positions in both Europe and Silicon Valley. From 1985 to 1990, Duncan spent five years at Coopers & Lybrand in general practice and corporate finance. He joined XP in April 2000 as Group Finance Director. In February 2003 he was appointed Chief Executive of XP.

	Mike Laver - President, North America Mike has 17 years experience in the power supply industry. After completing his degree in Electrical Engineering at UC Santa Barbara, Mike held sales and technical positions with Power Systems Distributors, Compumech and Delta Lu Research. Mike joined Foresight Electronics in 1991 and carried out various senior roles. Mike is currently responsible for the US sales and value added engineering organisations. Mike was elected to the XP Board on 20 August 2002 and on 3 February 2003 was made President of the Group’s North American operations.

	Mickey Lynch - Finance Director Mickey joined the Group in April 2001 as Vice President of Finance for XP-Foresight Inc and since February 2003 has headed up the finance team for the Group. Prior to joining XP-Foresight Mickey spent 10 years at Atari Games Corporation; the last five of which were in the role of Chief Financial Officer. Prior to this he spent 12 years with ITT Corporation, holding various financial controllership roles. Mickey holds a Masters Degree in Business Administration. Mickey was elected to the XP Board on 11 June 2003.

	Andy Sng - General Manager, Asia Andy joined the Group in July 2005 to set up its China operations. He is currently the General Manager of the XP Shanghai operation which provides various support services to the rest of the Group including quality assurance, program management, component sourcing and design and verification testing. Andy has an Electrical Engineering degree and has worked in the power supply industry for eight years in various technical and commercial roles with companies such as Silicon Systems (Singapore) and Advanced Micro Devices (Singapore).

	John Dyson - Non-Executive Director John was appointed Chief Executive of Pace Micro Technology plc in May 2003, prior to which he had been Finance Director since November 1997. John retired from Pace Micro Technology plc during 2006 and has co-founded a new business called Tele Health Solutions which has developed communications technology to remotely monitor medical devices. Before Pace Micro Technology plc he held senior positions in both Silicon Valley and Europe for LSI Logic Corporation from June 1990 to November 1997. From September 1988 to June 1990 John was co-founder and Managing Director of Modacom Limited, prior to which he was Finance Director of Norbain Electronics plc from 1986 to1988 and Case Communications plc from 1977 to 1986. He joined the board of XP in June 2000. He is the senior non-executive director and Chairman of the Remuneration Committee.

	Michael Hafferty - Non-Executive Director Michael has been the founder and CEO of several technology companies, including Tricom Ltd., VegaStream Ltd and Arkstream Inc. He was a main board director of CASE Communications plc for its highly successful launch onto the London Stock Exchange and as Sales & Marketing Director built a worldwide sales and service organisation. Michael is the founder of the consulting company Arkbridge Pte. Ltd., based in Singapore and as a result of that position was appointed Vice President, Asia PAC for the international software company iTRACS Corporation. He is a Fellow of the Chartered Institute of Marketing and Liveryman in the Worshipful Company of Marketers.
	David Hempleman-Adams - Non-Executive Director David joined the Board in June 2008 and is the Chairman of Global Resins Limited, involved in the formulation and manufacture of resin systems for the electrical market. He also serves as a non-executive director of Verridan Plc a company offering consultancy related to training and recruiting. In addition David is a director of Cold Climates which offers Adventure Experiences. As well as David’s business interests he is a renowned explorer and in 1998 he became the first person to conquer the North and South Geographic and Magnetic Poles and scale the highest mountain in each of the seven continents, including Everest. In 2003, David became the first person to cross the Atlantic Ocean in an open wicker basket gas balloon. David is also involved in charity work notably as a Trustee of the Duke of Edinburgh Award Scheme.

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