Group Chief Financial Officer Appointment
25 June 2026
BRAEMAR PLC
("Braemar", "the Company" and together with its subsidiaries the "Group")
Group Chief Financial Officer Appointment
Braemar Plc (LSE: BMS), a leading provider of expert chartering, investment and risk management advice to the shipping and energy markets, is pleased to announce the appointment of Richard Heading as Group Chief Financial Officer, joining the Company and the board on 29 June 2026.
Richard is a highly experienced senior finance executive, having spent more than 25 years leading finance, risk, and compliance functions at large organisations, driving strategic transformation, strengthening risk management, and delivering operational improvements.
Most recently, until 31 March 2026, he held the roles of Chief Financial Officer and Chief Risk Officer at Record plc, the LSE listed specialist currency and asset manager, where he had board responsibility for financial reporting, treasury, investor relations and risk management.
Prior to Record plc, Richard spent more than five years at IG Group Holdings plc in the senior managerial role of Group Finance Director. Before that, he spent fifteen years at Willis Towers Watson, the global advisory and broking group progressing to Chief Financial Officer roles within both the International and Human Capital and Benefits divisions. He began his career at PricewaterhouseCoopers in London and Madrid.
Richard holds a BSc in Economics and Politics from the University of Bristol and is a member of the Institute of Chartered Accountants in England and Wales.
Commenting, Nigel Payne, Non-executive Chairman of Braemar said:
"After an extensive search process overseen by the board, we are delighted to welcome Richard to Braemar as our new Group Chief Financial Officer. He has a strong pedigree of financial and commercial leadership experience, having held senior finance roles at a number of listed businesses. This will be invaluable as our CFO and COO Grant Foley takes over as Braemar's Group CEO at the Company's upcoming AGM on 2 July 2026. The board and I look forward to working with Richard in the years ahead to achieve the Group's stated growth objectives."
Richard Heading added:
"Braemar is a fantastic business at an exciting moment in its growth journey, with strong foundations and a clear strategy to capitalise on the opportunities ahead. I'm looking forward to working with Grant, the board and the whole Braemar team as we continue to execute against our plans and deliver shareholder value."
This announcement is made pursuant to UKLR 6.4.6. There are no further matters to be disclosed under UKLR 6.4.8R (1) - (6) inclusive.
Enquiries:
Braemar Plc
Tel: +44 (0) 7525 011199
Nigel Payne, Non-executive Chairman
Houston
Tel: +44 (0)20 4529 0549
Kate Hoare / Charlie Barker / Polly Clarke
Tel: +44 (0)77 3303 2695
Canaccord Genuity
Tel: +44 (0) 20 7523 8000
Adam James / Harry Rees
About Braemar Plc
Braemar provides expert advice in chartering, shipping investment, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.
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 and follow Braemar on LinkedIn.
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