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Tuesday, October 16, 2018

Maritime Logistics Professional

October 3, 2018

Braemar Shipping Service Chairman to Retire

David Moorhouse (Photo: Braemar Shipping Services)

David Moorhouse (Photo: Braemar Shipping Services)

Braemar Shipping Services announced that its Chairman, David Moorhouse, plans to retire from December 31, after nearly 14 years as a Non-Executive Director, the last three as Chairman. Moorhouse said he is willing to serve longer, if required, to facilitate the appointment of a suitable replacement. His retirement is part of a planned reduction in his business workload to facilitate his participation in another venture.

The company’s Nominations Committee is leading the process to appoint a new non-executive Chairman and an announcement will be made in due course.

Moorhouse commented, “It has been a privilege to serve Braemar and its shareholders since 2005, during which time the group has developed substantially and undergone significant changes, becoming a global leader in the provision of broking and advisory services to the maritime industry. I believe that this is an appropriate stage in the company’s development for me to hand over to a new Chairman.”

James Kidwell, Chief Executive of Braemar, commented, “David has been a wonderful servant of the group for many years and we have benefited greatly from his invaluable advice and broad industry knowledge. I have especially appreciated his steadfast leadership as Chairman of the group over the last three years and, on behalf of the Board, wish David well for the future.”

advisory servicesDavid MoorhouseJames Kidwell