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Drax restructures management at generation arm

Andy Koss’s service agreement with Drax Power Limited will end on 30 June

Hays PLC -

Power generator Drax Group PLC (LON;DRX) has made the head of its generation arm redundant.

Andy Koss’s service agreement with Drax Power Limited will end on 30 June as part of a restructuring of the generation business’s management.

Koss will also not seek re-election as a director at the forthcoming AGM.

Philip Cox, chair, said: "On behalf of the board I would like to thank Andy for his 15 years' service at Drax, during which time he has made a major contribution to the transformation of Drax into a leading generator and supplier of renewable energy.”

Shares rose 3% to 181p.

Quick facts: Drax Group

Price: 383.4 GBX

LSE:DRX
Market: LSE
Market Cap: £1.52 billion
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