4 December 2024

Drax Group plc

("Drax", "the Group", "Drax Group", "the Company"; Symbol: DRX)

Directorate change - retirement of CFO

Drax today announces that Andy Skelton has informed the Company of his intention to retire from the Board and from his role as Chief Financial Officer ("CFO").

Andy will remain as a director of the Company and as CFO until a successor is in place. A recruitment process to identify Andy's successor will commence and further announcements will be made in due course.

Will Gardiner, Chief Executive Officer of Drax, commented:

"On behalf of the Board, I would like to thank Andy for his contribution to Drax over the last six years. 

"Andy and I have worked together for many years. Andy is a Board member, a trusted colleague and a friend. We will be sorry to see him leave but fully respect his decision to retire from corporate life and we wish him the very best for the future.

"Andy has played an instrumental role in the growth and development of the Group, putting in place a strong financial foundation on which we will continue to build, as well as an experienced finance team."

Andy Skelton, CFO of Drax, commented:

"I am choosing to retire from corporate life to spend more time with my family and pursue other personal interests in the knowledge that we have built a firm foundation from which Drax can execute its strategy and continue to develop opportunities for value creation and growth, while delivering its purpose of enabling a zero carbon lower cost energy future.

"I have thoroughly enjoyed my time at Drax. I look forward to continuing to contribute through 2025 until my successor is established."

Enquiries:

Drax Investor Relations: Mark Strafford

[email protected]

+44 (0) 7730 763 949

Media:

Drax External Communications: Andy Low

[email protected]

+44 (0) 7841 068 415

Website: www.Drax.com

END