Brammer appoints Meinie Oldersma to the Board of Directors as group CEO

– UK, Knutsford – Brammer PLC (LSE:BRAM) is pleased to announce that after a rapid and extensive process, Meinie Oldersma will join the Board as Group Chief Executive Officer with effect from 1st 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 22nd. 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.

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