A connector assembly for printed circuit board terminal blocks and the like includes a housing having spaced side and end walls defining a chamber, and a first connector component mounted in the chamber adjacent an access opening contained in the housing walls. A second connector component external of the housing is displaceable between an engaged position in electrical engagement with the first connector component, and a disengaged position disengaged from the first component. A separating lever pivotally connected with the second connector component includes a cam arrangement that cooperates with the housing side walls to displace the second connector component from the engaged position toward the disengaged position relative to the first connector component. A locking arrangement may be provided for locking together the connector components in the electrically engaged condition.