4th Mar 2008 07:02
Drax Group PLC04 March 2008 4 March 2008 Drax Group plc ("Drax" or the "Company") Symbol: DRX Directorate Change Drax, the UK power generator, announces today that Gordon Boyd, Finance Directorhas decided to leave the Company during the second half of 2008 to pursue other opportunities. Gordon joined Drax in January 2005 and was an essential part of the management team which oversaw Drax's business transformation, and refinancing and listing of the Company on the London Stock Exchange in December 2005. Gordon will remain with the Company until later in the year to allow time for the search and selection of a suitable replacement. Commenting on today's announcement, Gordon Boyd said: "I have thought long and hard about this decision and I am convinced that it is the right time for me to move on and seek fresh challenges. I wish my colleaguesat Drax all the best for the future and hope that the business continues to go from strength to strength." Gordon Horsfield, Chairman, said: "Gordon has been at the centre of our work first to list and then to develop Drax's business over the last three years. As our finance director he has had made a very significant contribution to the Company. On behalf of the Board, I should like to thank him for his hard work and for his commitment. Gordon will leave with our very best wishes for his future." Dorothy Thompson, Chief Executive, commented: "Gordon has been an invaluable colleague during the time we have worked togetherand I am delighted that he has agreed to stay on for an interim period to allow us to find an appropriate successor." For more information, please contact: MediaMelanie Wedgbury, Drax +44 (0) 1757 618381 David Trenchard/Peter Hewer, Tulchan Communications +44 (0) 20 7353 4200 Investors and analystsAndrew Jones, Drax +44 (0) 1757 618381 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Drax