Directorate change – appointment of new non-executive director  - Drax

Directorate change – appointment of new non-executive director 

The Board of Drax Group plc (“Drax”) is pleased to announce that David Nussbaum has been appointed as a non-executive director with effect from 1 August 2017.

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Drax Group PLC
(Symbol: DRX)

David is Chief Executive of The Elders who he joined in October 2016.  The Elders is an independent group of global leaders working together for peace, justice and human rights, founded by Nelson Mandela in 2007.

Prior to that he was Chief Executive of the World Wide Fund for Nature UK (WWF-UK) from 2007 and chaired WWF’s Global Climate and Energy Initiative. He is also currently Non-Executive Chair of Transparency International UK, and a member of the Board of the International Integrated Reporting Council.

David originally qualified as a chartered accountant with Price Waterhouse, moved into venture capital with 3i, and then into manufacturing, latterly as Finance Director of Field Group plc through its management buyout and subsequent successful flotation in 1993. He joined Oxfam in 1997 as Finance Director and Deputy Chief Executive and was later seconded to head up Oxfam’s operations in India. In 2002 David joined Transparency International, the leading global anti-corruption organisation, as Chief Executive based in Berlin.

David has two degrees in theology, one in finance, and an honorary doctorate.

Commenting on the appointment Philip Cox, Chairman of Drax, said:  

“The directors are delighted to welcome David to the Board of Drax. His experience and expertise will be a valuable addition to the Board and will further help the successful delivery of our sustainability agenda.”

David Nussbaum added:

“The provision of sustainably generated power is crucial as we continue the transition to a low carbon future.  I look forward to joining the Board of Drax as the business develops, continuing to meet the challenges this presents, and make my contribution to it doing so successfully.”

David has also been appointed as a member of the Company’s Audit, Nominations and Remuneration Committees.

Notes to editors:

  • The Elders was founded by Nelson Mandela in 2007 following an initial proposal by Richard Branson and Peter Gabriel, and the current Chair is Kofi Annan. 
  • The Elders work collectively, combining private diplomacy with public advocacy to promote ethical leadership, defend human rights and amplify the voices of the downtrodden and marginalised.
  • The World Wide Fund for Nature (WWF) is an international non-governmental organisation founded in 1961, working to create a world where people and nature thrive within the means of our one planet.

Enquiries:

Drax Investor Relations: Mark Strafford

+44 (0) 1757 612 491

Media:

Drax External Communications: Paul Hodgson

+44 (0) 1757 612 026 

Website: www.drax.com

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