Brady plc Directorate Changes (0209M)

TIDMBRY

RNS Number : 0209M

Brady plc

07 October 2016

7 October 2016

Brady plc ("Brady" or the "Group")

Directorate Changes

Brady, the leading global provider of trading and risk management solutions for metals, recycling, energy and soft commodities, announces that Peter Harverson has stepped down as a Non - Executive Director of the Company and that Elizabeth Sipiere has joined the Board as a Non-Executive Director with immediate effect. The former Chief Executive Officer of Valueworks Ltd, Elizabeth is an experienced B2B technology executive. She has led growth in Microgen, Hewlett-Packard, OMX, Knight Ridder and several private equity backed businesses.

Elizabeth has also worked in software for the Financial Services, Construction and TELCO industries including as a Non-Executive Director of Orc Software AB participating in the Orc and OMX agreement to create a new front office product and in the acquisition of Cameron Systems moving Orc into a leading position in the global connectivity market.

In addition to her role as a Non-Executive Director, Elizabeth will act as Chief Operating Officer until a new CEO is appointed.

Ian Jenks, Executive Chairman, commented "I would like to thank Peter for his contribution to the business over the past nine years and to welcome Elizabeth to the Board. Elizabeth's enormous drive, energy and experience will be invaluable as we re-organise and re-focus the business."

Further information required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies:

Elizabeth Ann Sipiere, aged 58, was previously a director of the following companies within the past five years:

Valueworks Technology Ltd

Valueworks e-trade Limited

Value Works Applications Services Limited

Value Works Category Management Ltd

Value Works Consulting Limited

Valueworks Limited

Valueworks Holdings Ltd

From 2001 to 2003, Ms. Sipiere was CEO of Interbizz Financial Systems Limited, an early stage software business owned by venture capital funds. The business failed to achieve commercial traction and was placed into administration by its venture capital owners in 2003 and the assets were sold. Ms. Sipiere remained in the business until the disposal was complete.

There are no further disclosures required under the AIM Rules.

For further information please contact:

 
  Brady plc                         Telephone: [phone] 
   Ian Jenks, Executive Chairman     479479 
   Martin Thorneycroft, Chief 
   Financial Officer 
 
 Cenkos Securities                 Telephone: +44 (0)20 
  Ivonne Cantu                      7397 8900 
  Alex Aylen (sales) 
 
 
 Redleaf Communications         Telephone: +44 (0)20 
  Charlie Geller / David Ison    7382 4730 
  / Sam Modlin 
 

About Brady

Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations to back office financials and treasury settlement, for energy, refined, unrefined and scrap metals, soft commodities and agriculturals.

Brady has 30 years' expertise in the commodity markets with some 400 customers worldwide who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, recycling companies, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.

For further information visit: www.bradyplc.com

Brady plc: Twitter/Facebook/LinkedIn

This information is provided by RNS

The company news service from the London Stock Exchange

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October 07, 2016 08:03 ET (12:03 GMT)