Tracsis PLC Directorate Changes (2049A)
28 September 2020 - 4:00PM
UK Regulatory
TIDMTRCS
RNS Number : 2049A
Tracsis PLC
28 September 2020
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
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END
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