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Drax Group plc (DRX.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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Drax Group plc

Drax Power Station
Selby YO8 8PH
United Kingdom
44 17 5761 8381
https://www.drax.com

Sector(s): Utilities
Industry: Utilities - Renewable
Full-time employees: 3,551

Key executives

NameTitlePayExercisedYear born
Mr. Dwight Daniel Willard GardinerGroup CEO & Executive Director1.56MN/A1964
Mr. Andrew Keith SkeltonCFO & Director923kN/A1971
Ms. Penny SmallInterim Chief Operating OfficerN/AN/AN/A
Mark StraffordHead of Investor RelationsN/AN/AN/A
Ms. Hillary BergerGroup General CounselN/AN/AN/A
Ms. Karen McKeeverChief Human Resources OfficerN/AN/AN/A
Mr. Jason ShipstoneChief Innovation OfficerN/AN/AN/A
Mr. Paul SheffieldChief Commercial OfficerN/AN/AN/A
Mr. Tim ColeHead of Customer MarketingN/AN/AN/A
Mr. Miguel Veiga-PestanaChief Sustainability OfficerN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in GBp.

Description

Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment supplies electricity and gas to non-domestic customers. The company owns and operates Drax Power Station located in Selby, North Yorkshire; Cruachan Power Station, a pumped storage hydro station, with an installed capacity of 440 megawatts (MW) located in Argyll and Bute; and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. It also owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. In addition, the company manufactures and sells compressed wood pellets; and supplies renewable electricity. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.

Corporate governance

Drax Group plc’s ISS governance QualityScore as of 1 April 2024 is 6. The pillar scores are Audit: 10; Board: 2; Shareholder rights: 1; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.