Brady CFO steps down amid takeover

Mark Johnson's picture
by Mark Johnson

Brady, a global provider of trading, risk management and settlement solutions to the energy and commodities sectors, has announced that Martin Thorneycroft is stepping down as Chief Financial Officer. 

The firm said he has also stepped down as an Executive Director of the Company with immediate effect.

Brady is in the process of being taken over by Hanover Acquisition and its shares are set to be cancelled on the exchange in January 2020.

Thorneycroft will continue to support the business through a transition period to the end of January 2020 to coincide with the appointment of Nadya Bentley as Chief Financial Officer, the FTSE-AIM listed company said in a stock market statement.  

Bentley will assume the role effective 2 January 2020 and it is currently expected that she will be appointed to the Brady board prior to the end of January 2020.

Carmen Carey, CEO, commented "I would like to thank Martin for his contributions and dedication throughout his six-year tenure with Brady and look forward to welcoming Nadya to the team in January."