Brammer PLC Appointment of Group Finance Director (3211R)

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

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March 08, 2016 02:02 ET (07:02 GMT)