11 March
2024
Tracsis plc
("Tracsis" or "the
Group")
Board
Changes
Tracsis, a leading transport
technology provider, today announces the following changes to its
Board of Directors as part of the Board's long-term succession
planning.
Ross Paterson to join the
Board as a Non-Executive Director
Tracsis is pleased to announce that
Ross Paterson will join the Board as a Non-Executive Director on
2nd April 2024.
Ross is a former Chief Financial
Officer of Stagecoach Group and Non-Executive Director of Virgin
Rail Group. He has extensive experience of managing finance &
risk and delivering strategic growth in an international UK-listed
business, and has significant knowledge of the transport sector
from his executive career with Stagecoach Group. He is currently a
Non-Executive Director and Audit & Risk Committee Chair of the
FTSE 100 company, The Unite Group plc. He is a member of the
Institute of Chartered Accountants of Scotland.
Liz Richards to step down
from the Board
Liz Richards will step down from the
Board on 30th June 2024. Liz joined the Tracsis Board in
September 2016 and has been Chair of the Audit Committee since that
date. Ross Paterson will succeed Liz as Chair of the Audit
Committee on 30th June 2024.
Jill
Easterbrook, Non-Executive Chair of Tracsis,
commented: "On behalf of the Board and
everyone at Tracsis I would like to thank Liz for her significant
contribution to Tracsis' success and growth over the last eight
years, including her assured leadership of the Audit Committee. I
look forward to welcoming Ross, who brings a wealth of experience
and is a great fit with our business"
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Enquiries:
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Tracsis plc
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Tel: 0845 125 9162
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Chris Barnes, CEO
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Andy Kelly, CFO
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Cavendish Capital Markets Limited
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Tel: 020 7220 0500
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Jonny Franklin-Adams/Giles
Balleny/Charlie Beeson, Corporate Finance
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Andrew Burdis/Sunila de Silva,
Corporate Broking
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Alma
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Tel: 020 3405 0205
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David Ison/Rebecca
Sanders-Hewett/Joe Pederzolli
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tracsis@almastrategic.com
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Relevant disclosures:
The following disclosures are
required under Rule 17 and Schedule Two, paragraph (g) of the AIM
Rules for Companies:
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Full
name:
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Ross John Paterson
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Age:
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52
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Shares held in the Company:
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None
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Current directorships and/or partnerships:
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The Unite Group plc
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Historic directorships and/or partnerships within the last
five years:
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East Coast Main Line Company
Limited
Inter City Railways
Limited
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Stagecoach Bus Holdings
Limited
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Stagecoach East Midlands Trains
Limited
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Stagecoach Group Limited (formerly,
Stagecoach Group plc)
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Stagecoach Holdings
Limited
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Stagecoach Rail Holdings
Limited
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Stagecoach Rail Operations
Limited
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Stagecoach Services
Limited
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Stagecoach South Eastern Trains
Limited
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Stagecoach South West
Limited
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Stagecoach South Western Trains
Limited
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Stagecoach Technology
Limited
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Stagecoach Transport Holdings
Limited
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Stagecoach West Coast Trains
Limited
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Travelhero Limited
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WCT Group Holdings
Limited
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West Coast Partnership
Limited
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West Coast Trains Partnership
Limited
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There is no further information to be
disclosed in relation to the appointment pursuant to Rule 17 and
Schedule Two, paragraph (g) of the AIM Rules for
Companies.
Notes to editors:
·
Tracsis plc is a technology company and a leading
provider of software and hardware products, data capture and data
analytics/GIS services for the rail, traffic data and wider
transport industries.
· Tracsis' products
and services are widely used to increase efficiency, reduce cost
and risk, improve operational and asset performance, improve safety
management and decision making capabilities and improve the overall
end-user experience for clients and customers.
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The Group is split into two principal operating
areas built around detailed industry knowledge and
expertise:
- Rail Technology &
Services: A software, technology and product led business. It develops
and supplies software that solves complex resource, asset
optimisation and control problems for Train Operators, and Smart
Ticketing, Delay Repay and other retail software to improve the
customer experience for rail users. It also develops remote
condition monitoring hardware, data acquisition software, and
safety and risk management software for rail infrastructure
providers.
- Data, Analytics, Consultancy
& Events: A largely services led
business that focuses on data capture, data analytics, GIS, earth
observation, data insights, consultancy and event traffic
management within a range of transport and pedestrian rich
environments. The business provides technology and bespoke
products and data that underpin large scale intelligent transport
systems, smart city planning and positive environmental decision
making.
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Tracsis has a blue-chip client base which includes
all major UK transport owning groups, Network Rail, Passenger and
Freight Train Operating Companies, the Department for Transport,
TfL, multiple local authorities, major outdoor music and sporting
event organisers, and a wide variety of large engineering and
infrastructure companies. In North America our clients include
Class 1 rail freight companies, transit operators, shortline
railroads and several large rail served ports and
industrials.
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The business drives growth both organically and
through acquisition and has made seventeen acquisitions since
2008.
For more information on Tracsis
please visit http://www.tracsis.com