Braemar Shipping Services PLC Board Change (7648C)
03 October 2018 - 4:00PM
UK Regulatory
TIDMBMS
RNS Number : 7648C
Braemar Shipping Services PLC
03 October 2018
3 October 2018
BRAEMAR SHIPPING SERVICES PLC
("Braemar" or the "Company" or the "Group")
Board Change
Braemar Shipping Services plc (LSE: BMS), a leading
international provider of broking, financial, consultancy,
technical and logistics services to the shipping, marine, energy,
offshore and insurance industries, announces that its Chairman,
David Moorhouse CBE, has advised Braemar that after nearly 14 years
as a Non-Executive Director, the last three as Chairman, he wishes
to retire with effect from 31 December 2018. David has also advised
of his willingness to serve longer, if required, to facilitate the
appointment of a suitable replacement. His retirement is part of a
planned reduction in his business workload to facilitate his
participation in another venture.
The Company's Nominations Committee is leading the process to
appoint a new non-executive Chairman and an announcement will be
made in due course.
David Moorhouse commented: "It has been a privilege to serve
Braemar and its shareholders since 2005, during which time the
Group has developed substantially and undergone significant
changes, becoming a global leader in the provision of broking and
advisory services to the maritime industry. I believe that this is
an appropriate stage in the Company's development for me to hand
over to a new Chairman."
James Kidwell, Chief Executive of Braemar, commented: "David has
been a wonderful servant of the Group for many years and we have
benefited greatly from his invaluable advice and broad industry
knowledge. I have especially appreciated his steadfast leadership
as Chairman of the Group over the last three years and, on behalf
of the Board, wish David well for the future."
For further information, contact:
Braemar Shipping Services Tel +44 (0) 20 3142
4100
James Kidwell, Chief Executive
James Hayward, Interim Finance Director
Peter Mason, Company Secretary
Stockdale Securities Tel +44 (0) 20 7601
6100
Robert Finlay / Antonio Bossi, Corporate
Finance
Henry Willcocks / Fiona Conroy, Corporate
Broking
Buchanan Tel +44 (0) 20 7466
5000
Charles Ryland / Stephanie Watson / Tilly
Abraham
Notes to Editors:
About Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international
provider of knowledge and skill-based services to the shipping,
marine, energy, offshore and insurance industries. Founded in 1972,
Braemar employs approximately 800 people in more than 70 locations
worldwide across its Shipbroking, Technical, Logistics and
Financial divisions.
Braemar joined the Official List of the London Stock Exchange in
November 1997 and trades under the symbol BMS.
For more information visit www.braemar.com
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END
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