6 May 11

EDF Energy appoints Sir Richard Lambert, former Director General of the CBI, to its Stakeholder Advisory Panel

EDF Energy, the leading producer of low carbon electricity in Britain, has appointed Sir Richard Lambert, the former Director General of the CBI, to its Stakeholder Advisory Panel.

The panel helps shape the company’s business strategy by providing a healthy challenge to EDF Energy’s Executive Team and a strong voice for all stakeholders.

Set up in 2006, the panel meets with the company’s Chief Executive and his senior executives quarterly. Panel members provide their expert guidance on major strategic issues ranging from new nuclear build to retail market reform. The panel also helped to define the company’s industry-leading Sustainability Commitments, challenging the company to set ambitious and relevant goals.

The panel is made up of eminent individuals with broad experience in business, community relations and the environment. The Chair is Will Hutton, Executive Vice Chair of the Work Foundation, who has recently been appointed as the new Principal of Hertford College Oxford. Will Hutton is also a former Editor of ‘The Observer’ and one of the UK’s leading commentators on social and political affairs. The other panel members are: Lord Patten of Barnes, former Governor of Hong Kong, Sir Simon Robertson, Chairman of Rolls Royce and Diane Coyle, former Economics Editor of ‘The Independent’.

EDF Energy Chief Executive Vincent de Rivaz said: “I am delighted to be able to welcome Sir Richard to our Stakeholder Advisory Panel. Following a distinguished career as Editor of the Financial Times, member of the Monetary Policy Committee and CBI Director General, his rigorous mind will bring invaluable insights into all aspects of our business. I am sure his membership will bring benefits to our company, our retail and business customers and all our stakeholders.”

“In these challenging times for our industry, it is important that EDF Energy strikes the right balance with all its stakeholders. Sir Richard will bring a fresh external perspective to our strategic thinking, as we continue pursuing the critical task of delivering a secure, clean and affordable energy mix. He remains a strong voice for business and has great expertise in the needs of both the free and regulated markets. His European experience and international outlook will also be of great importance as we develop our plans for existing and new nuclear in the UK while at the same time learning the lessons of the recent events in Japan.”

Sir Richard said: “As one of Britain’s largest power companies, EDF Energy plays a vital role in the economy and the community, both as an energy company and as a major employer. I look forward to playing a part in shaping the company for a low carbon future and helping ensure that all its diverse range of stakeholders are represented and taken into account.”