REG - Braemar PLC - Directorate Change

BraemarAnnouncement

20/06/2023 07:00

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RNS Number : 2117D  Braemar PLC  20 June 2023

 

           20 June 2023

 

BRAEMAR PLC

("Braemar" or "the Company")

Board changes

Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering,
and risk management advice to the shipping and energy markets, announces the
following board changes to support Braemar's growth strategy.

 

Grant Foley will join the board as Group Chief Financial Officer with effect
from 1 August 2023.

 

Grant has over 25 years of experience in leading public and private financial
services and technology businesses, and joins the Company from ClearScore, the
UK's leading credit marketplace. As Chief Financial Officer at ClearScore, he
has driven significant improvements across the finance function, implementing
new systems, processes and reporting as the business has scaled. Grant also
brings additional transaction experience to the board, and his other roles
have included CMC Markets Plc where, as Group Chief Financial Officer and
Chief Operating Officer, he was instrumental in the company's successful IPO.

 

Having joined the Company in 2019, Nick Stone, Braemar's current Group Chief
Financial Officer will leave the Company on 31 July 2023. The board thanks
Nick for his service and wishes him well in his future endeavours.

 

This disclosure is made pursuant to paragraph 9.6.13(R) of the Listing Rules.

 

Nigel Payne, Chairman said:

 

"I am delighted to welcome Grant to the board as we continue to execute our
growth agenda. Grant's extensive experience will add great value to the Group
and I, along with my board colleagues, look forward to supporting the further
development of Braemar's finance function under his stewardship.

 

Nick has been in position for four years and we both thank him for his
contribution and wish him well for the future."

 

Grant Foley said:

 

"I am delighted to be joining Braemar and look forward to working with the
Board and wider business to execute the Company's growth agenda and strategy,
ensuring the finance function continues to develop and fully support the
Company as it grows in scale."

 

END.

 

For further information, contact:

 Braemar Plc
 James Gundy, Group Chief Executive Officer        Tel +44 (0) 20 3142 4100
 Rebecca-Joy Wekwete, Company Secretary
 Investec Bank plc
 Gary Clarence / Harry Hargreaves / Alice King     Tel +44 (0) 20 7597 5970
 Cenkos Securities plc

                                                   Tel +44 (0) 20 7397 8900

 Ben Jeynes / Max Gould (Corporate Finance)

 Alex Pollen / Leif Powis (Sales)
 Buchanan
 Charles Ryland / Jamie Hooper / Jack Devoy        Tel +44 (0) 20 7466 5000

 

Notes to Editors:

 

About Braemar Plc

Braemar provides expert advice in shipping investment, chartering, 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, please visit www.braemar.com (http://www.braemar.com/)  and
follow Braemar on LinkedIn (https://www.linkedin.com/company/braemar-ltd/) .

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