Brammer PLC Director Declaration (6616F)
29 July 2016 - 7:07PM
UK Regulatory
TIDMBRAM
RNS Number : 6616F
Brammer PLC
29 July 2016
29 July 2016
Brammer plc
("the Company")
Appointment of Group Chief Executive Officer
After a rapid and extensive process, Brammer is pleased to
announce that Meinie Oldersma will join the Board as Group Chief
Executive Officer with effect from 1(st) August 2016.
A Dutch national, Mr Oldersma is based in the UK and is
currently a non-executive director of Bunzl plc, which he will
stand down from on August 22(nd) . He is also non-executive
Chairman of Kondor Ltd, a private equity owned global channel
partner and distributor of consumer electronic accessories into the
high street, and a non-executive director of Smallsteps BV.
Previous executive positions have included being Chief Executive
of 20:20 Mobile Group (2008-2014) and a variety of senior positions
with Ingram Micro (1999-2008), latterly as Chief Executive and
President of their China Group and Managing Director of their
business in Northern Europe.
Commenting on the appointment, Bill Whiteley, Chairman of
Brammer plc said:
"We are delighted to announce that Meinie has agreed to join as
CEO with immediate effect. He has a wealth of experience in the
distribution industry, including implementing important
organisational change. We are confident that he will bring that
knowledge to our business and be instrumental in further
establishing Brammer as Europe's number one distributor of MRO
parts and Industrial consumables. With Meinie's strong background
and under his leadership as Group Chief Executive, I am confident
that the Group will evolve at pace and grow in the years
ahead."
Meinie Oldersma commented:
"I am very happy to be joining Brammer, a company I have known
and respected for some time. Brammer, whilst facing a number of
short term challenges, has developed an excellent pan-European
industrial products distribution platform and market position and
has tremendous potential for further growth. There are a number of
important ongoing initiatives in place to restore the Group's
performance and, I look forward to working with the team at Brammer
to help deliver them. My immediate task is to ensure I am rapidly
immersed in the business and, having done that, I look forward to
reporting on my findings in the fourth quarter."
Ian Fraser said, "I am delighted that Meinie is taking over at
Brammer. He has the perfect background, experience and personal
qualities to lead Brammer in the years to come." Following a
handover period, Mr Fraser will step down and leave Brammer. A
further announcement will be made at that time.
This announcement is made pursuant to paragraph 9.6.13[R] of the
Listing Rules.
Enquiries: Brammer plc 01565 756800
Steven Hodkinson
Issued: Hudson Sandler 020 7796 4133
Andrew Hayes
Katie Cohen
This information is provided by RNS
The company news service from the London Stock Exchange
END
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