30th May 2019 10:59
LONDON (Alliance News) - The chair of Brady PLC said Thursday that the company has made "substantial progress" in the first few months of 2019 amid changes at the top of the business.
Chair Ian Jenks said the trading and risk management software firm had made "substantial progress" in the four months ended April and that he was "delighted" to report trading was in line with management expectations.
"Under the leadership of our new Chief Executive, Carmen Carey, our new sales pipeline is building, and I look forward to providing a further update in the interim results which we expect to be released in September," Jenks added, speaking at the annual general meeting of the firm.
In December, IT industry "veteran" Carey stepped up to become chief executive officer at Brady with Jenk stepping back from executive chair to non-executive chair.
"In March 2019 we strengthened our board with the non-executive appointments of Dan Look (former head of the commodity and energy trading consulting group at Baringa) and Iain Greig (former CTO of LME Clear)," Jenks continued. "Their market and technical expertise, together with their enthusiasm is already starting to have a positive effect within the company."
Shares in Brady were untraded at 57.75 pence on Thursday.
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