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Drax Group plc (DRX.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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666.50+42.00 (+6.73%)
As of 03:56PM BST. Market open.

Drax Group plc

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

Sector(s)Utilities
IndustryUtilities—Renewable
Full-time employees2,809

Key executives

NameTitlePayExercisedYear born
Mr. Dwight Daniel Willard GardinerGroup CEO & Exec. Director1.5MN/A1965
Mr. Andy SkeltonCFO & Director894kN/A1972
Mark StraffordHead of Investor RelationsN/AN/AN/A
Hillary BergerGroup Gen. CounselN/AN/AN/A
Karen McKeeverChief HR OfficerN/AN/AN/A
Mr. Gary WilliamsHead of Outage & Services SectionN/AN/AN/A
Mr. Jason ShipstoneChief Innovation OfficerN/AN/AN/A
Mr. Paul SheffieldManaging Director of CustomersN/AN/AN/A
Mr. Esa HeiskanenChief Officer Capital ProjectsN/AN/AN/A
Mr. Tim ColeHead of Customer MarketingN/AN/AN/A
Amounts are as of 31 December 2021, 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. The company operates through three segments: Generation, Customers, and Pellet Production. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment offers non-generation system support and energy management services. The Pellet Production segment provides low carbon fuel. The company owns and operates Drax Power Station with an installed capacity of 2,000 megawatts (MW) located in Selby, North Yorkshire; Cruachan Power Station, a pumped hydro storage station, with an installed capacity of 440 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. In addition, the company owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. Further, it 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 May 2022 is 5. The pillar scores are Audit: 10; Board: 1; Shareholder rights: 1; Compensation: 4.

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.