Drax Group PLC Appointment of new non-executive director (4386L)
19 July 2017 - 4:00PM
UK Regulatory
TIDMDRX
RNS Number : 4386L
Drax Group PLC
19 July 2017
19 July 2017
Drax Group plc
(Symbol: DRX)
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.
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
END
This information is provided by RNS
The company news service from the London Stock Exchange
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