TIDMBRAM

RNS Number : 7159F

Brammer PLC

29 July 2016

29 July 2016

Brammer plc

("the Company")

Appointment of Group Chief Executive Officer

After a rapid and extensive process, Brammer is pleased to announce that Meinie Oldersma will join the Board as Group Chief Executive Officer with effect from 1(st) August 2016.

A Dutch national, Mr Oldersma is based in the UK and is currently a non-executive director of Bunzl plc, which he will stand down from on August 22(nd) . He is also non-executive Chairman of Kondor Ltd, a private equity owned global channel partner and distributor of consumer electronic accessories into the high street, and a non-executive director of Smallsteps BV.

Previous executive positions have included being Chief Executive of 20:20 Mobile Group (2008-2014) and a variety of senior positions with Ingram Micro (1999-2008), latterly as Chief Executive and President of their China Group and Managing Director of their business in Northern Europe.

Commenting on the appointment, Bill Whiteley, Chairman of Brammer plc said:

"We are delighted to announce that Meinie has agreed to join as CEO with immediate effect. He has a wealth of experience in the distribution industry, including implementing important organisational change. We are confident that he will bring that knowledge to our business and be instrumental in further establishing Brammer as Europe's number one distributor of MRO parts and Industrial consumables. With Meinie's strong background and under his leadership as Group Chief Executive, I am confident that the Group will evolve at pace and grow in the years ahead."

Meinie Oldersma commented:

"I am very happy to be joining Brammer, a company I have known and respected for some time. Brammer, whilst facing a number of short term challenges, has developed an excellent pan-European industrial products distribution platform and market position and has tremendous potential for further growth. There are a number of important ongoing initiatives in place to restore the Group's performance and, I look forward to working with the team at Brammer to help deliver them. My immediate task is to ensure I am rapidly immersed in the business and, having done that, I look forward to reporting on my findings in the fourth quarter."

Ian Fraser said, "I am delighted that Meinie is taking over at Brammer. He has the perfect background, experience and personal qualities to lead Brammer in the years to come." Following a handover period, Mr Fraser will step down and leave Brammer. A further announcement will be made at that time.

This announcement is made pursuant to paragraph 9.6.13[R] of the Listing Rules.

 
 Enquiries:    Brammer plc          01565 756800 
  Steven Hodkinson 
 
 Issued:       Hudson Sandler       020 7796 4133 
  Andrew Hayes 
  Katie Cohen

This information is provided by RNS

The company news service from the London Stock Exchange

END

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