Robert De Picciotto strengthens the Brady plc Board of Directors

London - 29 May 2013

Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that Robert de Picciotto, former CEO of Brady Physicals division, will join the Board of Brady plc with effect from 1 June 2013.

Robert is the founder and a former director of Viveo Switzerland SA (a company acquired by Brady in 2010 (subsequently renamed Brady Switzerland SA) and the former CEO of the Brady Physicals business unit until his retirement earlier this year. He also holds various other non-executive roles in the technology space.

Having founded Fintel in 1986, which was renamed Viveo, Robert and his team developed and grew the physical commodities trading software business, based in Geneva that was acquired by Brady in 2010, through close collaboration with the trading community. The software solutions offer in-depth expertise in contract management, payment, invoicing, logistics, inventory management and treasury to companies trading physical commodities. The solution’s customer base comprises some of the top names in international commodity trading companies, as well as many tier one banks and financial institutions, who use the solution to manage their collateral and facilitate their trade finance activities.

Earlier this year, at the age of 64, Robert retired from his executive role at Brady Physicals, handing over the CEO position to Brian Collins, who has been involved in a wide range of trading-related roles at Brady for more than 20 years, most recently devising and implementing the Group’s product management strategy as well as being an executive member of the Brady plc Board of Directors.

Paul Fullagar, Chairman of Brady plc, commented: “Brady is delighted to welcome Robert to the Board. He has a wealth of experience spanning nearly thirty years in the commodities space. Having founded Viveo in 1986, which was acquired by Brady in 2010, Robert has been instrumental in leading the business unit with substantial compound year on year revenue growth. We welcome his close contact with the physical trading community to ensure the Group’s initiatives are aligned with market requirements.”

Of his new appointment, Robert De Picciotto noted, “Since joining Brady, I have experienced a period of intense growth as Brady has extended both its industry and geographic competencies, enhancing its ability to better serve its existing customer base, attract new customers and extend its global footprint. I look forward to continuing to assist the team through serving in my non-executive capacity as an active advisor and will embrace the opportunity to continue to be part of a highly dynamic and forward looking organisation.”

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