Brady announces Board member Carmen Carey as CEO alongside Ian Jenks stepping to Non-Executive Chairman

– UK, London – Brady plc (LON:BRY), a leading global provider of trading, risk management and settlement solutions to the commodity and energy markets, today announced the appointment of Carmen Carey as its new Chief Executive, with effect from 18 February 2019.

Carmen initially joined the Board as a Non-Executive Director in March 2017.

The company also announced that Ian Jenks will step back from his role as Executive Chairman to being Non-Executive Chairman with effect from 1 April 2019. Ian became Executive Chairman in September 2016, initially as a short-term measure, and we are indebted to him for his longer than anticipated tenure.

Ian Jenks, Executive Chairman of Brady, commented: “We are delighted to have secured such a high-quality Chief Executive as Carmen. It is a testament to Brady’s strength, position and products that Carmen wanted to make the transition from Non-Executive Director to Chief Executive. As a business we have a fabulous opportunity in front of us. We have the staff, the clients and the drive to take the Company to the next stage and with Carmen leading the team we are in great shape to take advantage of that.”

About Carmen Carey

Carmen is an IT industry veteran whose career to date encompasses leadership roles as an executive in fast-growing global VC-backed and publicly traded technology companies. She was most recently the COO of artificial intelligence company Unbabel. Prior to Unbabel, Carmen was CEO of Apica, CEO of Big Data Partnership, COO of MetaPack, CEO of ControlCircle, COO of MessageLabs and VP of Global Services at BroadVision. As CEO, she successfully led the exit of Big Data Partnership and ControlCircle to Teradata and Alternative Networks, respectively. She was also a Non-Executive Director for Arts Alliance Media through its acquisition by Luxin-Rio. In 2017, Carmen was recognised with the Bronze Stevie Award for Most Innovative Woman of the Year in Technology – one of the world’s top honours for female executives.

Carmen Carey, commented: ” I am thrilled to become Brady’s CEO. The opportunities available to the Company are substantial and I am confident that my experience gained across a wide range of technology businesses will help Brady realise its full potential.”

About Brady

Brady plc 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 and unrefined, soft commodities and agriculturals.

Brady has 30 years’ expertise in the commodity markets and its clients include many of the world’s largest financial institutions, trading companies, miners, refiners and producers, tier one banks, a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.

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