NEWS

    13 July 2020

THE PRAX GROUP APPOINTS ROB MARROW AS INTERIM GROUP CHIEF FINANCIAL OFFICER

The Prax Group is pleased to announce that it has appointedRob MarrowasInterim Group Chief Financial Officer (CFO) with immediate effect.  The Group is continuing its search for a permanent CFO and will update the market on its progress as appropriate.

Rob brings with him a wealth of experience in roles that have included responsibility for strategy, corporate finance, M&A transactions, and investor relations.  He was more recently, the commercial and financial lead for the Group in the acquisition of Prax Lindsey Oil Refinery.

With over two decades of experience across oil and gas, manufacturing, technology, retail, supply chain and trading, he is an experienced finance leader with a proven track record of delivering growth, championing change and building teams.             

Sanjeev Kumar, Chief Executive Officer, said: "Rob's broad financial experience and comprehensive knowledge of our business make him a strong appointment as our interim Group CFO, providing continuity while we continue our search for a permanent CFO."

Rob will succeed Robin Edwards, who sadly passed away on 30 June 2021.

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Notes to Editors

About The Prax Group: Headquartered in the UK, the Prax Group is a British multinational independent oil refining, trading, storage, distribution, and retail conglomerate dealing in petroleum products and biofuels. The Group has established principal offices in London, Houston and Singapore, and additional satellite offices across the world.

Corporate Headquarters:

Prax Group

York House

45 Seymour Street

London W1H 7JT

United Kingdom

Tel:  +44 (0) 207 580 0033

Fax: +44 (0) 207 580 0334

Email: press@prax.com