Brammer PLC Appointment of Group Finance Director (3211R)
08 March 2016 - 6:02PM
UK Regulatory
TIDMBRAM
RNS Number : 3211R
Brammer PLC
08 March 2016
FROM HUDSON SANDLER FOR
BRAMMER
PRESS RELEASE
8 March 2016
Brammer plc
(the "Company" or the "Group")
Appointment of Group Finance Director
Brammer plc, Europe's leading distributor of quality industrial
maintenance, repair and overhaul products ("MRO"), is pleased to
announce the appointment of Duncan Magrath as an Executive Director
of the Company with immediate effect. Duncan will take on the role
of Group Finance Director in succession to Paul Thwaite following
his departure on 31 March, as previously announced.
Duncan joined the Company as a non-executive director in March
2012, taking on the role of Senior Independent Director in May 2014
and the role of audit committee chairman in May 2015. Duncan has a
wealth of financial and listed corporate experience and, between
2008 and the end of April 2015, was Chief Financial Officer of
Balfour Beatty plc. Duncan qualified as a Chartered Accountant at
Price Waterhouse before joining Exel plc where he held numerous
positions in the UK and USA during his 13 year tenure, including
that of Director of Investor Relations and Financial Strategy.
Commenting on the appointment, Ian Fraser, Group Chief Executive
Officer, said:
"I am delighted to announce the appointment of someone of
Duncan's experience and calibre as Group Finance Director. He
brings a wealth of relevant listed corporate and financial
experience and will add real value to our business and the
leadership team as we focus on improving performance through the
execution of the Group's operational and strategic growth
drivers"
The Company has begun the search process for an additional
non-executive director to replace Duncan and to take over as chair
of the audit committee and senior independent director.
There is no further information which would require disclosure
under Listing Rule 9.6.13R.
Enquiries: Brammer plc 01565 756801
Bill Whiteley, Chairman
Ian R Fraser, Chief Executive
Issued: Hudson Sandler 020 7796 4133
Andrew Hayes
Katie Matthews
This information is provided by RNS
The company news service from the London Stock Exchange
END
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