18th Dec 2007 07:05
Drax Group PLC18 December 2007 18 December 2007 Drax Group plc ("Drax" or the "Company") (Symbol: DRX) Directorate Change Drax, the UK power generator, announces today that, after over four years withthe Company, Gordon Horsfield is to retire as a non-executive director andChairman of the Board. He will be succeeded by Charles Berry, currently anon-executive director. The change will become effective at the conclusion ofthe Company's Annual General Meeting scheduled to be held on 17 April 2008. Tim Barker, senior independent non-executive director of Drax, commented: "On behalf of the Board, I should like to thank Gordon for his exceptionalcontribution to Drax. Gordon's skills and drive were crucial in achieving thegroup's restructuring, refinancing and listing. Drax is now a very profitableand cash generative business which has delivered significant shareholder value. "We welcome Charles to his new role. Charles has an extensive knowledge of thepower sector and has been a valued member of our Board." Gordon Horsfield, Chairman of Drax, added: "It has been a great privilege to serve as Chairman of Drax and to lead itthrough a significant period of change over the last four and a half years. Ihave gained enormous satisfaction from drawing together an exceptionallytalented team and to have had the good fortune to work closely with its membersas the business has developed. I have every confidence in its future and in theleadership which Charles will bring to the Board when I step down next April." No other information is required to be disclosed pursuant to paragraph LR9.6.13R of the Listing Rules of the Financial Services Authority in relation tothis notification. Enquiries: Drax GroupMelanie Wedgbury +44 (0) 1757 612438 Tulchan CommunicationsDavid Trenchard and Peter Hewer +44 (0) 20 7353 4200 Notes: Charles Berry was Chief Executive of ScottishPower's UK Operations from 2000until leaving the company in 2005, having joined in 1991. In this position hehad responsibility for over 6,200MW of generating capacity as well as thetrading business, energy retailing and strategic transactions, such asrenewables development. Charles is a non-executive director and Chairman of eagaplc and a non-executive director of Securities Trust of Scotland plc and ofImpax Environmental Markets plc. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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