Braemar Shipping Services PLC Directorate Changes (1990R)

TIDMBMS

RNS Number : 1990R

Braemar Shipping Services PLC

27 February 2019

27 February 2019

BRAEMAR SHIPPING SERVICES PLC

("Braemar", the "Company" or the "Group")

Appointment of Non-Executive Director

and

Confirmation of Finance Director Joining Date

Braemar Shipping Services plc (LSE: BMS), a leading international provider of broking, financial, consultancy, technical and logistics services to the shipping, marine, energy, offshore and insurance industries, is pleased to announce that Steve Kunzer has been appointed as a non-executive director with effect from 26 February 2019. Steve will also join the Company's Audit, Nomination and Remuneration Committees.

Steve has extensive experience of shipbroking and global shipping markets, with a career of over thirty years working in London and the Far East. Most recently, he served as the Chief Executive Officer of Eastern Pacific Shipping Pte Ltd, prior to which he was managing director of Tanker Pacific Management (Singapore) Pte Ltd. He began his career with P&O and has also held a number of management positions over seven years working for Zodiac Maritime Agencies Ltd.

James Kidwell, Chief Executive of Braemar said: "We are very pleased to welcome Steve to the Board. Steve brings with him a wealth of experience in the shipping industry, which we are confident will benefit us as we continue to grow and develop our core business."

Further to its announcement on 13 December 2018, the Company is pleased to confirm that Nick Stone is due to be appointed to the Board and commence his role as Finance Director from 1 April 2019.

The Company is also continuing its process to appoint a new Non-Executive Chairman and a further announcement will be made in due course.

Listing Rule 9.6.13 disclosures

Braemar confirms that there are no disclosures to be made in respect of Steve for the purposes of Listing Rule 9.6.13.

-ENDS-

For further information, contact:

 
 Braemar Shipping Services 
  James Kidwell, Chief Executive           Tel [phone] 
  James Hayward, Interim Chief Financial 
   Officer 
   Peter Mason, Company Secretary 
 
 Stockdale Securities 
  Robert Finlay / Antonio Bossi / Henry    Tel [phone] 
   Willcocks 
 
 Buchanan 
  Charles Ryland / Stephanie Watson        Tel [phone] 
   / Matilda Abraham 
 

Notes to Editors:

About Braemar Shipping Services plc

Braemar Shipping Services plc is a leading international provider of knowledge and skill-based services to the shipping, marine, energy, offshore and insurance industries. Founded in 1972, Braemar employs approximately 750 people in more than 60 locations worldwide across its Shipbroking, Technical, Logistics and Financial 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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February 27, 2019 02:01 ET (07:01 GMT)