Drax, the UK power company, has appointed Andy Skelton as its new chief financial officer, it said on Thursday.

Mr Skelton will begin his role in January, replacing Den Jones, who has been interim CFO for the past year. Mr Skelton worked as CFO of UK-listed software group Fidessa for the past three years and was previously deputy CFO at semiconductor company CSR.

Phil Cox, Drax chairman, said Mr Skelton "brings a wealth of experience and skills" to the company.

The appointment comes as Drax, which owns the UK's largest power plant in North Yorkshire, continues to move away from coal ahead of the national deadline of 2025 to phase out the most carbon-intensive form of power generation.

The company this month announced the acquisition of a £700m package of assets from rival ScottishPower which it said would help it to position itself as a provider of flexible power generation, as the UK increases its reliance on intermittent renewable power sources.

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