Cubic Announces Leadership Transition for Transportation Business Unit
September 14 2015 - 7:15AM
Business Wire
Matt Cole appointed president of Cubic
Transportation Systems (CTS); Steve Shewmaker to become chairman of
CTS
Cubic Corporation (NYSE: CUB) today announced that Matthew J.
Cole, executive vice president and deputy of Strategy and Business
Development of Cubic Transportation Systems (CTS), has been
appointed president of CTS and senior vice president of Cubic
Corporation, effective October 1, 2015. Stephen O. Shewmaker, who
plans to retire in 2016, has been appointed chairman of CTS. In
this role, Mr. Shewmaker will continue to support Cubic’s key
customers and help shape the strategic direction of the business.
Both Mr. Shewmaker and Mr. Cole will report to Bradley H. Feldmann,
president and chief executive officer of Cubic Corporation.
“It has been an honor to lead CTS, and I am proud of the
significant milestones we have achieved as a team,” said Mr.
Shewmaker. “I believe we have built a strong platform for long-term
growth, and I am confident in the business’ future and its ability
to add to Cubic’s bottom line. Matt is a highly qualified and
proven leader, and I look forward to continuing to work with him as
part of a smooth and orderly transition.”
Matt Cole said, “It has been a pleasure working closely with
Steve over the past several years, and I am excited to build upon
the successes we have accomplished together. I look forward to
supporting our talented employees to further leverage CTS’ unique
position as we approach a new era of growth as part of Cubic.”
“We are pleased to appoint Matt as president of CTS,” said Mr.
Feldmann. “Matt is a thought leader in the transportation industry,
and has been instrumental in growing CTS on three continents as
well as entering into adjacent transportation markets. With his
understanding of our customers’ needs and experience in global and
executive operations at CTS, he has the deep knowledge and
expertise to lead the transportation business into its next growth
phase.”
“On behalf of Cubic, I would like to thank Steve for his many
contributions over his 30-year career at CTS, including doubling
the size of the business during his seven-year tenure as
president,” continued Mr. Feldmann. “We are grateful for his
stewardship of CTS and appreciate his guidance and leadership
during this transition, which will ensure continuity with ongoing
projects.”
About Matt Cole
Matt Cole joined CTS in 2003, and has held various positions of
increasing responsibility, most recently as deputy and executive
vice president of Strategy and Business Development. Prior to that,
he served as managing director of CTS-Australasia and vice
president of Finance for CTS. Mr. Cole was instrumental in the
negotiation of the Future Ticketing Agreement with Transport for
London and the award and mobilization of the Opal Card contract in
Sydney. He also spearheaded the acquisitions of NextBus and Serco's
Transport Solutions business (Cubic ITMS), as well as the launch of
Urban Insights, a data analytics consultancy company. In addition,
he was a primary architect of the NextCity vision, the company’s
strategy focused on the delivery of an integrated customer
experience, one account and integrated operations and analytics.
Mr. Cole is a Fellow of the Association of Chartered Certified
Accountants and has an MBA from the Oxford Brookes University.
About Cubic Corporation
Cubic Corporation designs, integrates and operates systems,
products and services focused in the transportation, defense
training and secure communications markets. As the parent company
of two major business units, Cubic’s mission is to increase
situational awareness and understanding for customers worldwide.
Cubic Transportation Systems is a leading integrator of payment and
information technology and services to create intelligent travel
solutions for transportation authorities and operators. Cubic
Global Defense is a leading provider of realistic combat training
systems, secure communications and networking and highly
specialized support services for military and security forces of
the U.S. and allied nations. For more information about Cubic,
please visit the company's website at www.cubic.com or on Twitter
@CubicCorp.
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Cubic CorporationMedia
contact:Suzanne Hatcher, 858-505-2430Corporate
Communicationssuzanne.hatcher@cubic.comorInvestor contact:Diane Dyer,
858-505-2907Investor Relationsdiane.dyer@cubic.com
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