18th Jul 2019 11:09
(Alliance News) - Shipbroker Braemar Shipping Services PLC on Thursday said Chief Executive James Kidwell is to leave the firm after 17 years.
Kidwell will depart on July 27, and Chair Ron Series will become executive chair on an interim basis. Kidwell has been CEO for 7 years.
Series commented: "James joined Braemar in 2002 and spent a decade as group finance director before becoming chief executive in 2012.
"During his time with Braemar he has played a significant part in the development of the group, including the merger with ACM, the acquisition of Naves and most recently the divestment of the Technical division to Aqualis ASA to form AqualisBraemar. We thank James very much for his contribution and wish him well for the future."
Braemar shares were 1.0% higher on Thursday morning at a price of 174.25 pence each.
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