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Brady PLC

Brady appoints new chief executive as executive chairman switches to non-exec

The trading and risk management software provider said it had appointed Carmen Carey as its new CEO with effect from 18 February 2019

Board room table
Carey initially joined the board as a non-executive director in March 2017

Brady Plc (LON:BRY) has appointed a new chief executive (CEO) while its executive chairman will switch into a non-executive role.

The trading and risk management software provider said it had appointed Carmen Carey as its new CEO with effect from 18 February 2019, having initially joined the board as a non-executive director in March 2017.

READ: Brady launches new regulatory and compliance software

Carey previously served as chief operating officer (COO) of artificial intelligence company Unbabel and is a former winner of the Bronze Stevie Award for Most Innovative Woman of the Year in Technology, one of the world's top honours for female executives.

Carey has also served as CEO of application testing firm Apica, CEO of Big Data Partnership, COO of e-commerce group MetaPack, CEO of IT service management firm ControlCircle, COO of software group MessageLabs and Vice-President of Global Services at software vendor BroadVision.

The company also said its current executive chairman, Ian Jenks, would switch to the role of non-executive chairman from 1 April 2019, adding that it was currently in the process of recruiting additional non-executive directors.

Jenks said: “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”.

Carey added: “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."

In early trading Wednesday, shares were steady around 64.2p.

--Adds share price--

Quick facts: Brady PLC

Price: £0.34

Market: AIM
Market Cap: £27.93 m
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