4 December 2024
Drax Group plc
("Drax", "the Group", "Drax Group", "the
Company"; Symbol: DRX)
Directorate change - retirement of CFO
Drax today announces that Andy Skelton has
informed the Company of his intention to retire from the Board and
from his role as Chief Financial Officer ("CFO").
Andy will remain as a director of the Company
and as CFO until a successor is in place. A recruitment process to
identify Andy's successor will commence and further announcements
will be made in due course.
Will Gardiner, Chief Executive Officer of Drax,
commented:
"On behalf of the Board, I would like to thank
Andy for his contribution to Drax over the last six
years.
"Andy and I have worked together for many
years. Andy is a Board member, a trusted colleague and a friend. We
will be sorry to see him leave but fully respect his decision to
retire from corporate life and we wish him the very best for the
future.
"Andy has played an instrumental role in the
growth and development of the Group, putting in place a strong
financial foundation on which we will continue to build, as well as
an experienced finance team."
Andy Skelton, CFO of Drax,
commented:
"I am choosing to retire from corporate life to
spend more time with my family and pursue other personal interests
in the knowledge that we have built a firm foundation from which
Drax can execute its strategy and continue to develop opportunities
for value creation and growth, while delivering its purpose of
enabling a zero carbon lower cost energy future.
"I have thoroughly enjoyed my time at Drax. I
look forward to continuing to contribute through 2025 until my
successor is established."
Enquiries:
Drax Investor Relations: Mark
Strafford
mark.strafford@drax.com
+44 (0) 7730 763 949
Media:
Drax External Communications: Andy
Low
andy.low@drax.com
+44 (0) 7841 068 415
Website: www.Drax.com
END