5 Dec 2013 07:00
5 December 2013
Brady plc ("Brady" or the "Group")
Appointment of Chief Financial Officer
Brady, the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, is pleased to announce today that Martin Thorneycroft, aged 52, will join the Brady as Chief Financial Officer and Company Secretary with effect from 2 January 2014. He will also become a Director of the Company. This follows the announcement on 9 September 2013 of Tony Ratcliffe's intention to leave the Group and will allow an orderly transition of responsibilities.
Martin was previously Finance Director of AIM quoted Patsytems plc for approximately eight years until February 2013 and is a former Finance Director of Profile Media Group plc and McMullen & Sons.
There are no other details to be disclosed pursuant to Rule 17 or to Schedule 2 paragraph (g) of the AIM Rules for Companies.
Gavin Lavelle, CEO of Brady, commented: "Martin brings strong experience of executing growth plans and has very relevant experience in the trading and risk software business. He also has valuable international exposure and has a strong leadership approach. With this appointment we continue to build the team and deepen our executive talent for global expansion and delivery of a solid growth strategy. I look forward to working with Martin as we execute on this strategy."
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Tony Ratcliffe, Finance Director | Telephone: +44(0)1223 479479 |
Cenkos Securities plc Ivonne Cantu / Camilla Hume Alex Aylen (Sales)
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Telephone: +44 (0)20 7397 8900 |
Redleaf Polhill Rebecca Sanders-Hewett / David Ison | Telephone: +44 (0)20 7382 4730
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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, back office financials and treasury settlement, for energy, refined, unrefined and scrap metals, soft commodities and agriculturals.
Brady has 25 years' expertise in the commodity markets with some 300 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
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