Braemar Shipping Services PLC Appointment of Group Chief Executive Officer (9053E)
11 November 2020 - 6:01PM
UK Regulatory
TIDMBMS
RNS Number : 9053E
Braemar Shipping Services PLC
11 November 2020
11 November 2020
BRAEMAR SHIPPING SERVICES PLC
("Braemar", the "Company" or the "Group")
Appointment of Group Chief Executive Officer
Braemar Shipping Services plc, a leading international provider
of shipbroking, financial advisory and logistics services to the
shipping and energy industries, is pleased to announce that James
Gundy has been appointed as Group Chief Executive Officer with
effect from 1 January 2021.
James has been the CEO of Braemar's Shipbroking Division, the
Group's largest operation, since joining the Company in 2014
following the merger with ACM Shipping Group Plc ("ACM"). He has
been a shipbroker for 35 years specialising in Tankers and Sale and
Purchase Projects. He was the Chief Executive Officer of ACM, which
was previously listed on AIM, before the merger with Braemar and
has driven the growth of the merged business ever since.
James will continue to lead the Shipbroking division and remain
fully operational in that role, in addition to his new role as
Group Chief Executive. This appointment will facilitate the
continued development of the Group's strategic direction with
Shipbroking at the centre of the Group's activities.
Ron Series, who has been the interim Executive Chairman of
Braemar since July 2019, will revert to the role of Non-Executive
Chairman when James takes up this appointment on 1 January
2021.
There is no other information that requires disclosure pursuant
to LR 9.6.13R.
Ronald Series, Executive Chairman of Braemar, commenting on the
appointment said:
" On behalf of the Board and all at Braemar, I am delighted to
today announce the appointment of James to the position of Group
Chief Executive. James has done a superb job in integrating the
Braemar and ACM shipbroking businesses since the merger in 2014 and
we all look forward to working closely with him as we continue to
grow the Braemar business ."
James Gundy, Group Chief Executive Officer designate, said:
" I am proud and excited to be appointed to lead the business
and am looking forward to working with the Braemar Board as well as
my Braemar colleagues. I am confident that as a global team we are
well positioned to continue the success we have worked so hard to
deliver in recent years ."
For further information, contact:
Braemar Shipping Services
Ronald Series, Executive Chairman Tel +44 (0) 20 3142 4100
Nicholas Stone, Chief Operating Officer Tel +44 (0) 20 3142 4100
and Finance Director
finnCap
Matt Goode/ James Thompson/ Kate Tel +44 (0) 20 7220 0500
Washington
Buchanan
Charles Ryland / Stephanie Watson Tel +44 (0) 20 7466 5000
/ Matilda Abraham
About Braemar Shipping Services plc
Braemar Shipping Services plc is a leading international
provider of shipbroking, financial advisory and logistics services
to the shipping and energy industries. Founded in 1972, Braemar
employs approximately 530 people in 28 offices worldwide across its
Shipbroking, Financial, Logistics and Engineering 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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