11 June 2024
Drax Group plc
("Drax", "the Group", "Drax Group", "the
Company"; Symbol: DRX)
Appointment of non-executive
director
Drax is pleased to announce the appointment of
Rob Shuter as a non-executive director and Audit Committee Chair,
effective from 11 June 2024.
Rob brings a wealth of complex financial,
regulatory and strategic experience gained from over 30 years in
the telecommunications and financial services sectors.
Rob served on the BT Group plc executive
committee as the divisional CEO of BT Enterprise between 2021 and
January 2023, prior to which he served for 3 years as Group
President and CEO of MTN Group Ltd a telecommunications company
listed on the Johannesburg Stock Exchange.
Rob also held a number of senior executive
positions within the Vodafone Group between 2009 and 2016 including
most recently as Chief Executive Officer, European Cluster in
addition to serving between 2009 and 2011 as Chief Financial
Officer of Vodacom Group Ltd, which was listed on the Johannesburg
Stock Exchange and was a majority owned subsidiary of Vodafone
Group.
Rob worked in the financial services sector
between 1992 and 2009 which included executive positions in retail
banking at Nedbank Group Ltd and investment banking at Standard
Bank Group Ltd. More recently he served as Non-Executive Director
and Chair of the Audit and Risk Committee for The GSM Association,
the global trade association for mobile network operators
worldwide.
Commenting on Rob's appointment, Andrea Bertone,
Chair said "I am delighted that Rob has agreed to join the Drax
Board. His extensive executive experience in capital-intensive
infrastructure, M&A, and business transformation across an
international portfolio of companies including public listed
companies in London and South Africa provide valuable knowledge and
skills for his role as Audit Committee Chair."
Commenting on his appointment Rob Shuter said "I
am pleased to be joining Drax and serving as Chair of the Audit
Committee as the Group continues to grow its international presence
and implement its strategy for delivering renewable energy and
BECCS globally."
Additional information
Rob Shuter is a dual national of Britain and
South Africa and qualified as a Chartered Accountant (South Africa)
whilst working at Deloitte & Touche LLP.
As previously announced, Vanessa Simms a
non-executive director and the Chair of the Audit Committee will be
standing down from Drax on 18 June 2024 after six years on the
Board.
Listing Rules disclosures
The following disclosures are made in
accordance with Listing Rule 9.6.13
Mr Shuter was also formerly an
executive director at:
•
MTN Group Ltd, a company listed on the Johannesburg Stock Exchange,
between March 2017 and September 2020.
•
MTN Nigeria Communications plc, a company listed on the Nigeria
Stock Exchange (listing effective from May 2019), between March
2017 and September 2020.