Coronavirus impact: 12 Oct - the good and the bad of investor communications
The long-time CEO of a high performing stock covered here has announced his retirement as the shares hit new highs, whereas the management of another need to improve their investor communications.
XP Power: Mr 5000% to retireDuncan Penny, CEO of power controller specialist XP Power (LON:XPP), has announced he is retiring at the end of the year. Having initially joined the Group as CFO in 2000, Duncan became CEO in 2003, subsequently presiding over a 5800% growth in share price which saw XP gain entry to the FTSE 250 index earlier in the year. XP Power designs and manufactures power controllers, the essential hardware component in every piece of electrical equipment that converts power from the electricity grid into the right form for equipment to function.Its power control solutions are designed…