London-listed shipbroker Braemar Shipping Services has reshaped its management team to ease the pressure on chief financial officer Nick Stone.
Tris Simmonds, the managing director of Braemar Atlantic Securities, the group's derivative brokerage business, has been promoted to chief operating officer, a role that Stone took on a year ago in addition to his finance brief.
Simmonds will begin in the role from 1 August.
