Last checked at 28 Sep 2020 07:00
28 September 2020
Tracsis plc
("Tracsis" or the "Group")
Directorate changes
Tracsis, a leading provider of software, hardware and services for the rail, traffic data and wider transport industries, announces that its Chief Financial Officer Max Cawthra has informed the Board of his intention to stand down from his position in early 2021.
The Board is pleased to announce the proposed appointment of Andrew Kelly ('Andy'), 43, who it is intended will join the Group on February 1st, 2021 as Chief Financial Officer.
Andy is a qualified Chartered Accountant and is currently Vice President Finance & IT, of Vitec Production Solutions, a Division of The Vitec Group plc and was previously Group Financial Controller. Prior to joining Vitec, Andy worked for Anglo American plc, Carphone Warehouse plc, and trained with Deloitte LLP.
Max will remain with the business for a period of time after Andy's appointment in order to facilitate a smooth transition and handover process.
The Board would like to place on record its thanks for the contribution Max has made since joining Tracsis in 2010, since when the Group has grown significantly, both organically and by acquisition, which Max has played a key part in achieving.
The Board believes that Andy is a very strong replacement and will be well positioned to work alongside Chris Barnes, Chief Executive Officer, to take the Group forwards and deliver its strategic objectives. Andy has a broad range of financial experience achieved across a range of industries, and has the skillset and aptitude to take Tracsis to the next level.
Enquiries:
Tracsis plc Tel: 0845 125 9162
Chris Barnes, CEO
Max Cawthra, CFO
finnCap Ltd Tel: 020 7220 0500
Christopher Raggett/Charlie Beeson, Corporate Finance
Andrew Burdis, Corporate Broking
Notes to editors:
· Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytic services for the rail, traffic data and wider transport industries.
· Tracsis' products and services are widely used to increase efficiency, reduce cost and risk and improve operational and asset performance, safety management and decision making capabilities for clients and customers.
· The Group is split into two principle operating areas built around detailed industry knowledge and expertise:
- Rail Technology & Services: Software and technology led business supported by consultancy. Develops remote condition monitoring hardware and safety, productivity improvement, risk management and data acquisition software for rail infrastructure providers and software that solves complex resource, asset optimisation and control problems for Train Operators.
- Traffic & Data Services: A largely services led business that focuses on data capture, data analytics, data insights and event traffic management within transport and pedestrian rich environments. The business provides technology and data that underpins large scale intelligent transport system and smart city planning and decision making.
· Tracsis has a blue-chip client base which includes all major UK transport owning Groups. The business also works extensively with Network Rail, the Department of Transport, TfL, multiple local authorities, major outdoor music and sporting event organisers, and a wide variety of large engineering and infrastructure companies.
· The business drives growth both organically and through acquisition and has made fourteen acquisitions since 2008.
· For more information on Tracsis please visit http://www.tracsis.com