Board Changes

Braemar PLC

27 May 2026

 

27 May 2026

BRAEMAR PLC

("Braemar", "the Company" and together with its subsidiaries the "Group")

Board Changes

Braemar Plc (LSE: BMS), a leading provider of expert chartering, investment and risk management advice to the shipping and energy markets, is pleased to announce the appointment of Richard Prince as an independent non-executive director with effect from 27 May 2026. Richard will also become a member of the Remuneration Committee and Audit & Risk Committee upon appointment.

With over 30 years' experience across the shipping and oil markets, Richard brings extensive expertise in commercial shipping, maritime logistics and global energy transportation. 

Until recently, Richard served as Global Co-Head of ST Shipping and Transport Ltd, the shipping arm of FTSE 100 multinational commodity trading and mining company, Glencore, where he spent two decades in leadership roles. Prior to joining Glencore, he was an established tanker broker, holding positions with leading shipbroking firms including Simpson Spence & Young (SSY), Sovereign and Harris & Dixon. Richard previously served on the board of Frontline Plc as a non-executive director until March 2026.

Separately, Catriona ("Cat") Valentine has informed the board that she will not seek re-election as a non-executive director of the Company at the Annual General Meeting on 2 July 2026, following three years on the board.

Nigel Payne, Non-executive Chairman said:

"We are delighted to welcome Richard to the board. He brings highly relevant leadership experience, with a depth of expertise in the shipping and energy markets. We look forward to welcoming him to the Group and benefitting from his knowledge and skills as we continue to execute our growth strategy and progress towards our FY30 ambition of becoming a £200m revenue business with a 15% operating margin.

On behalf of the board and everyone at Braemar, I would like to thank Cat for her commitment and contribution to the Group over the past three years and we wish her well in her future endeavours."

Richard Prince commented:

"Braemar is well known in the shipping and energy markets for the quality of its advice, and the strength of its people and culture. The Group is at an exciting moment in its growth journey with a clear strategy in place and I am delighted to be joining the board to support delivery against our objectives."

This announcement is made pursuant to UKLR 6.4.6.

Enquiries:

Braemar Plc	Tel: [phone]
Nigel Payne, Non-executive Chairman
Houston	Tel: [phone]
Kate Hoare / Charlie Barker / Polly Clarke
Canaccord Genuity	Tel: [phone]
Adam James / Harry Rees

About Braemar Plc

Braemar provides expert advice in chartering, investment and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.

Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.

For more information, including our investor presentation, visit www.braemar.com and follow Braemar on LinkedIn.

 

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