Last checked at 8 Apr 2020 07:00
8 April 2020
Drax Group plc (Symbol: DRX)
Directorate Change
Drax Group plc (the "Company") is today announcing that Andy Koss, Chief Executive, Generation, Drax Group, resigned as a Director of the Company on 7 April 2020 and his service agreement with Drax Power Limited will terminate by reason of redundancy on 30 June 2020. His departure is part of the transition of a new executive management structure for the Generation business of the Company. Mr Koss will not seek re-election as an executive director of the Company at the forthcoming AGM being held on 22 April 2020.
In accordance with section 430(2B) of the Companies Act 2006, details of payments made to and receivable by Mr Koss after he ceases to be a director will shortly be available on the Drax website. All payments made to and receivable by Mr Koss are consistent with the Company's Directors' Remuneration Policy, and full details will be disclosed in the Remuneration Report within the Company's Annual Report and Accounts for the year ending 31 December 2020.
Philip Cox, Chair, commented:
"On behalf of the Board I would like to thank Andy for his 15 years' service at Drax, during which time he has made a major contribution to the transformation of Drax into a leading generator and supplier of renewable energy. We wish Andy the very best for the future."
For further information, please contact:
Brett Gladden, Company Secretary+44 (0)7936 362586brett.gladden@drax.com
The person responsible for release of this announcement is Brett Gladden, Group Company Secretary.