Publication of Circular and Notice of General Meeting in relation to proposed acquisition of flexible, low-carbon and renewable UK power generation from Iberdrola
The Board of Drax Group plc 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 Johns 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.”
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Notes to Editors
A high resolution photo of Mr Gardiner is available via Dropbox and at: www.drax.com/news/media-images
Drax Group plc is an innovative energy company that owns and operates the UK’s largest power station in Selby, North Yorkshire, typically providing some 8% of the UK’s electricity. A vital strategic asset, the Group is transforming itself into a major biomass fuelled electricity generator through its use of innovative technology and sustainably sourced biomass. The largest decarbonisation project in Europe is underway to provide the UK with cost effective, low carbon, and reliable renewable power.
The Group employs around 1400 people and also includes:
Drax Biomass, based in the US focused on the self-supply of some of its sustainable biomass requirements.
Haven Power, the Group’s retail arm, providing business electricity contracts that are simple, flexible and designed to customers specific requirements.
Billington Bioenergy, is one of the leading distributors of wood pellets for sustainable heating in the UK.