02 September 2016
Brady plc ("Brady" or the "Group")
Brady, the leading global provider of energy, commodity and recycling software announces that after nine years Gavin Lavelle has decided to pursue new opportunities and has stepped down as CEO with immediate effect. Mr Lavelle will leave the Company in February 2017.
A search to find a replacement is underway; in the interim, Ian Jenks will assume operational control of the Company as Executive Chairman.
Ian Jenks, Executive Chairman of Brady plc, commented:
"We are grateful to Gavin for his contribution over the years and wish him the very best for the future. The business will continue to focus on servicing our clients and on developing our organisational structure to support our future growth."
For further information, please contact:
Ian Jenks, Executive Chairman
Martin Thorneycroft, Finance Director
Alison Ellmann, Global Head of Marketing
Telephone: +44(0)20 3301 1200
Cenkos Securities plc
Ivonne Cantu (Nomad)
Telephone: +44 (0)20 7397 8900
Telephone: +44 (0)20 7382 4730
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 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
This information is provided by RNS