Trakm8 Holdings PLC
17 October 2006
Embargoed until 7am 17 October 2006
Trakm8 Holdings plc
("Trakm8" or "the Company")
Appointment of New Chairman
Trakm8 Holdings plc, one of Europe's leading aftermarket telematics vendors,
announces that Richard White has ceased to be Chairman and a Director of the
Company and its subsidiaries with immediate effect.
He is replaced as Chairman by Charles Dawson Buck, who joined the Board of
Trakm8 as a non-executive Director in March 2006.
Dawson, aged 59, is an internationally experienced Director with over three
decades of experience at senior management and non-executive level. He has
founded and built a multitude of companies individually, as well as initiating
and innovating substantial change within large international corporations in the
US, Europe, Asia Pacific and Eastern Europe. Dawson currently holds positions as
Non-Executive Chairman of both L3 Technology Ltd and Provexis Plc, where he lead
the team who successfully completed a reverse takeover flotation of the company
onto the AIM market in June 2005.
He has a distinguished career spanning a range of industries, with high profile
management positions including: Electronic Alarms Ltd, Group Chief Executive of
Automated Security Holdings plc, Senior Vice President of Sensormatic Electronic
Corporation Inc, President of Sensormatic International and Deputy Chief
Executive ANGLE plc.
Commenting on Richard White, Cary Knapton, CEO of Trakm8, said:
"Richard joined the Board prior to the Company's admission on AIM and without
his commitment, advice and support the Company would not have made the huge
progress that it has to date. The experience and enthusiasm with which he has
served as Chairman has ensured that we have developed from being a local
business to a publicly quoted company with huge potential for growth as a
leading player in the worldwide telematics industry.
"On behalf of our shareholders, our staff and the board of Directors I would
like to express our thanks to Richard and wish him well for the future."
-ends-
For further information, please contact:
Trakm8 Holdings plc +44 (0)1747 858 444
Cary Knapton, Chief Executive Officer
Tim Couling, Finance Director
Tavistock Communications +44 (0)20 7920 3150
Christian Taylor-Wilkinson
Vicky Watkins
About Trakm8
Trakm8, based in Shaftesbury, Dorset is the leading technology provider,
designer and developer of licensed GPRS based hardware and software to the
vehicle tracking and security market. The Company provides its hardware and
software worldwide through distributors that allows vehicles and drivers to be
monitored, to allow companies to manage deliveries and services, or track stolen
vehicles down to 5 metres.
This information is provided by RNS
The company news service from the London Stock Exchange
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