The Board of Drax Group plc ("Drax" or the "Company") is pleased to announce that Andy Skelton has been appointed as Chief Financial Officer (CFO). His appointment will take effect on 2 January 2019. He will succeed Den Jones, Interim CFO, following on from Will Gardiner’s appointment as Chief Executive Officer on 1 January 2018.

Drax (the “Group” or “Drax Group”) is pleased to announce that it has agreed to acquire Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation (the “Portfolio”) for £702 million in cash (the “Acquisition”) from Iberdrola, subject to Drax shareholder approval.

A strengthening carbon price is essential for further clean growth, finds Electric Insights special report

The next revolution in the electricity industry will be driven by consumers, but producers must enable it, writes Drax Retail CEO Jonathan Kini.