Directorate Change

Tracsis PLC

27 July 2023

 

27 July 2023                                                                            

Tracsis plc

("Tracsis" or "the Group")

Directorate Change

Tracsis, a leading provider of software, hardware, data analytics/GIS and services for the rail, traffic data and wider transport industries, this morning announces that Jill Easterbrook will be appointed Non-Executive Chair of the Board from 1 September 2023.

Jill will succeed Chris Cole, Non-Executive Chair of the Group since 2014, as part of the Board succession planning given Chris has now completed his third three-year term. During his nine-year tenure, Chris has made a significant contribution to the business, overseeing a period of substantial growth.

Incoming Chair, Jill Easterbrook, who joined Tracsis as a Non-Executive Director in October 2022 and is currently Chair of the Remuneration Committee, is an experienced Chair, Board member and Executive. Jill is Non-Executive Chair of Headland Consultancy and is a Non-Executive Director on the boards of FTSE 100 companies Auto Trader Group plc and Ashtead Group plc, as well as international household brands company UP Global Sourcing Holdings plc.

Tracsis is in the process of recruiting a new Non-Executive Director who will replace Jill as Chair of the Remuneration Committee.

Chris Cole, outgoing Non-Executive Chair of Tracsis, commented: "I am proud to have played a role in steering the Group through a period of substantial positive change and sustained growth. I have full confidence in the Board under Jill's stewardship and, look forward to watching its continued progress."

Chris Barnes, Chief Executive of Tracsis, commented: "On behalf of the Board and everyone at Tracsis, I would like to thank Chris for his huge contribution to Tracsis' success and growth over so many years. I look forward to working with Jill who brings a wealth of experience and is a great fit with the organisation."

Jill Easterbrook, incoming Non-Executive Chair of Tracsis, commented: "Tracsis has an excellent reputation in the industry and a clear and proven strategy for expansion. I look forward to working with the Board and the rest of the leadership team to deliver ongoing growth."

Enquiries:
Tracsis plc	Tel: [phone]
Chris Barnes, CEO
Andy Kelly, CFO
finnCap Ltd	Tel: [phone]
Christopher Raggett/Charlie Beeson, Corporate Finance
Andrew Burdis/Sunila de Silva, Corporate Broking
Alma PR	Tel: [phone]
David Ison/Rebecca Sanders-Hewett/Joe Pederzolli	[e-mail]

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. 

·    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.

·    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.

·    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

 

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