Directorate Change

RNS Number : 8772A

Drax Group PLC

01 October 2015

 



1 October 2015

Drax Group plc

(Symbol:DRX)

Appointment of new Finance Director 

The Board of Drax Group plc ("Drax" or the "Company") is pleased to announce that Will Gardiner has been appointed as Finance Director. His appointment will take effect on 16 November 2015.  He will succeed Tony Quinlan, who resigned as a director of the Company on 31 May 2015.  Michael Scott, who has been Interim Finance Director since Tony's resignation, will continue in that role until Will takes up his appointment.

Will has been Chief Financial Officer of CSR plc, a global semiconductor business, since 2008. CSR was acquired by Qualcomm Inc. on 13 August 2015.  He had previously been a Divisional Finance Director of BSKYB and Chief Financial Officer of Easynet Group plc.  Will graduated from Harvard and John Hopkins Universities, and spent the early part of his career in corporate finance with Citibank and JP Morgan.

Commenting on the appointment Phil Cox, Chairman of Drax, said: "The Directors are delighted to welcome Will to the Board of Drax.  He brings a wealth of experience and skills, and will be a strong addition to the Drax team. I also extend the directors' thanks to Michael Scott who has done an excellent job as Interim Finance Director."

There are no further matters which are required to be disclosed under Rule 9.6.13R of the Listing Rules of the Financial Services Authority.

Enquiries:

Drax Investor Relations: Mark Strafford

[phone]

[phone]

Media:

Drax External Communications: Andrew Brown

[phone]

Website: www.drax.com

Note:

1.    Mr Gardiner's remuneration will be in accordance with the Company's remuneration policy and at an annual base salary of £390,000.  No payments in respect of compensation for benefits lost on resignation from his previous employment will be made.

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