XP Power Appoints Daisy Group CFO Griggs In Same Role

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LONDON (Alliance News) - XP Power Ltd on Friday said it has appointed Gavin Griggs as chief financial officer and executive director.

Griggs will join the business in November from Daisy Group Ltd, where he is currently finance director, prior to which he was CFO of Alternative Networks PLC, which was listed on AIM before being bought by Daisy in December.

Griggs has also previously held senior finance roles at Logica, Sodexo, PepsiCo and SABMiller.

Griggs will replace Jonathan Rhodes, who will step down from the board in November, but who will remain with the group in a senior finance position.

"Gavin's wide-ranging financial, commercial and M&A experience, gained within a number of international businesses, will be an asset to XP in the next phase of our development. We look forward to welcoming him to the group," Chief Executive Duncan Penny said.

Shares in XP were trading up 1.3% at 2,780.00 pence on Friday.

By Karolina Kaminska; [email protected]; @KarolinaAllNews

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