Braemar Shipping Services PLC Board Changes -- Supporting Further Growth (0533G)
July 22 2021 - 1:00AM
UK Regulatory
TIDMBMS
RNS Number : 0533G
Braemar Shipping Services PLC
22 July 2021
22 July 2021
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Board Changes - Supporting Further Growth
Braemar, a leading international Shipbroker and provider of
expert advice in shipping investment, chartering, risk management
and logistics services , is pleased to announce the appointments of
Tristram ("Tris") Simmonds and Elizabeth Gooch MBE to the Board of
the Company as Chief Operating Officer (Executive) and
Non-Executive Director respectively, both with effect from 1 August
2021.
Tris is the Managing Director of Braemar Atlantic Securities,
the Group's derivative brokerage business. Tris has c. 30 years'
experience in the commodities industry, having founded Atlantic
Brokers Ltd in 2013 which was sold to Braemar in 2018. Prior to
that, Tris worked at GFI Group for 14 years, latterly as Head of
European Commodities. Tris will be responsible for the operations
of the Group's businesses and will assist James Gundy, Braemar's
Group Chief Executive Officer, and Nick Stone, the Chief Financial
Officer, in implementing the Board's growth strategy.
Elizabeth has over 16 years' experience of governance,
compliance and financial reporting of publicly listed companies,
having founded and run AIM-quoted software company eg solutions plc
from 2005 until its acquisition by Verint Systems Inc. in 2017. In
addition, Elizabeth is a Non-Executive Director of AIM-quoted ECSC
Group PLC and Nivo Solutions Limited. Elizabeth will join the
Group's Audit and Nomination Committees and will chair the Group's
Remuneration Committee after the conclusion of the forthcoming AGM
on 26 August 2021.
Jürgen Breuer, presently a Non-Executive Director of the Company
and Chair of the Remuneration Committee has decided not to offer
himself for re-election at the forthcoming AGM and will stand down
from the Board at that time. Jürgen has been a director with
Braemar and ACM for over ten years, having joined Braemar's Board
following the merger of Braemar and ACM Shipping Group plc ("ACM")
in July 2014, prior to which he was a Non-Executive Director of ACM
from February 2011.
Nigel Payne, Non-Executive Chairman of Braemar, said:
"I am delighted to welcome two new members to the Board. Tris
has been with Braemar since its acquisition of Atlantic Brokers and
has been instrumental in the successful building out of Braemar's
derivative brokerage services. The Board is fortunate to have two
excellent executives in James Gundy and Nick Stone and I would like
to thank Nick for stepping into the dual COO/CFO role and doing a
first-class job during the recent management transition. The
addition of Tris creates a stronger team with the bandwidth and
experience needed to deliver the Board's growth aspirations for the
benefit of all stakeholders of the Group.
"I am equally pleased to welcome Elizabeth to the Board as a
Non-Executive Director. Elizabeth's prior governance, PLC and
technology experience in growth-oriented people-based businesses is
highly complementary to the Group's strategy and existing
Non-Executive skill base.
"After many years in the industry and ten years as a
Non-Executive Director with Braemar and ACM, I fully understand
Jürgen's decision to not stand for re-election. Many years before
he joined the Board of ACM, Jürgen was instrumental in founding the
Wet FFA joint venture between GFI and ACM, which to this day
continues to have a strong reputation and successfully contributes
to Braemar. Jürgen has since been a highly engaged and valuable
member of the Board as a Non-Executive Director, for which we are
extremely grateful, and we wish him well for the future."
There is nothing further to disclose pursuant to Listing Rule
9.6.13 in respect of Tris Simmonds and Elizabeth Gooch.
For further information, contact:
Braemar Shipping Services plc
James Gundy, Group Chief Executive Officer Tel +44 (0) 20 3142 4100
Nick Stone, Chief Financial Officer
Peter Mason, Company Secretary
finnCap
Matt Goode/ James Thompson (Corporate Tel +44 (0) 20 7220 0500
Finance)
Andrew Burdis (ECM)
Buchanan
Charles Ryland / Victoria Hayns / Stephanie Tel +44 (0) 20 7466 5000
Watson / 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 520 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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