Braemar Shipping Services PLC Board Change (5838U)
April 07 2021 - 1:00AM
UK Regulatory
TIDMBMS
RNS Number : 5838U
Braemar Shipping Services PLC
07 April 2021
7 April 2021
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Board Change
Appointment of new Chairman
Braemar, a leading international Shipbroker and provider of
expert advice in shipping investment, chartering and risk
management , is pleased to announce the appointment of Nigel Payne
as Non-Executive Chairman and a director of the Company with effect
from 1 May 2021. Nigel will also chair the Company's Nomination
Committee.
Nigel has a wealth of experience of leading publicly listed
companies, both as Chairman and CEO. He is currently Non-Executive
Chairman of Gateley Plc and a Non-Executive Director of GetBusy
Plc, and was the CEO of Sportingbet Plc from 2000 to 2006.
Nigel will succeed Ron Series, who, as previously announced, has
decided to step down as Chairman and will leave the Board on 30
April 2021.
James Gundy, Group Chief Executive Officer of Braemar, said: "I
am delighted to welcome Nigel to the Board. He is joining Braemar
at an exciting time in the development of the Group, and I look
forward to working with him as we deliver on our new growth
strategy centred on Shipbroking. I would also like to thank Ron for
his contribution to Braemar over the last two years and wish him
well for the future."
Ron Series said: "With the progress that has been made on
refocussing Braemar's strategy on its shipbroking heritage, and in
positioning the Group to enable it to grow and build on this strong
base, I believe that this is an appropriate time for me to step
down. I am pleased to welcome Nigel to his new role, and to wish
him and James and the Board well as they take the Company
forward."
Nigel Payne said: "I am excited to be joining the Board of
Braemar. I believe there are significant growth opportunities for
the Group's specialist and valuable services and I look forward to
working with the Board and the management team to help Braemar
focus and deliver on this exciting new strategy for the benefit of
all stakeholders of the Group."
Additional Listing Rule 9.6.13 disclosures
Nigel was Non-Executive Chairman of EG Solutions Plc from June
2016 to November 2017, when it was acquired by Verint Systems, and
Non-Executive Chairman of Stride Gaming Plc from December 2014 to
October 2019, when it was acquired by Rank Group Plc. Nigel was
also Non-Executive Chairman of ECSC Group Plc from November 2016 to
April 2018.
For further information, contact:
Braemar Shipping Services Plc
James Gundy, Group Chief Executive Tel +44 (0) 20 3142 4100
Officer
Nick Stone, Group Chief Operating Officer
and Finance Director
Peter Mason, Company Secretary
finnCap
Matt Goode/ James Thompson (Corporate Tel +44 (0) 20 7220 0500
Finance)
Andrew Burdis (ECM)
Buchanan
Charles Ryland / Stephanie Watson / Tel +44 (0) 20 7466 5000
Matilda Abraham
Notes to Editors:
About Braemar
Braemar is a leading international Shipbroker and provider of
expert advice in shipping investment, chartering and risk
management. Braemar employs approximately 530 people in 30
locations worldwide across its Shipbroking, Financial and Logistics
divisions.
Braemar joined the Official List of the London Stock Exchange in
November 1997 and trades under the symbol BMS.
For more information, including our investor presentation, visit
www.braemar.com
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END
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