Cubic Announces Departure of Cubic Transportation Systems President Matt Cole; Names Laurent Eskenazi as Acting President of ...
January 07 2020 - 8:02AM
Business Wire
Cubic Transportation Systems’ NextCity vision,
financial outlook and pipeline remain strong as search for new
leader begins
Cubic Corporation (NYSE:CUB) today announced that Matt
Cole, senior vice president and president of Cubic Transportation
Systems (CTS), will leave the company at the end of January to
pursue a leadership opportunity in a non-competing industry.
Laurent Eskenazi, who is currently the senior vice president and
managing director of CTS EMEA, will serve as the interim president
of CTS effective January 13, until a permanent successor is named.
Cubic has initiated an internal and external process of recruiting
for Cole’s replacement and has retained Dinte Global Executive
Search to support the recruitment process.
“Over his 17-year career with Cubic, Matt has made significant
contributions to our company, most recently in operationalizing and
growing our transportation business, advancing our NextCityTM
vision and executing strategic priorities, particularly related to
mobile and Intelligent Transport Systems. On behalf of Cubic and
the Board of Directors, we thank him for his leadership and service
to Cubic and wish him well in his future endeavors,” said Bradley
H. Feldmann, chairman, president and chief executive officer of
Cubic Corporation. “During this time of transition, Laurent brings
extensive strategic and operational experience in ticketing and
revenue collection globally and we are confident in his ability to
serve in this interim role.”
In his role as senior vice president and managing director of
CTS EMEA, Eskenazi managed Cubic’s transportation operations in the
U.K., Germany and Sweden, which is the second largest combined
market for CTS. Prior to joining Cubic, Eskenazi was an executive
for French transport and technology company, Thales, responsible
for all business operations of the Revenue Collection Systems
business across nine countries. Eskenazi holds a doctorate in
Electrical Engineering and master’s degree in Communications and
Signal Processing from the University of Florida as well as an
engineering degree from Telecom Sud Paris.
About Cubic Corporation
Cubic is a technology-driven, market-leading provider of
integrated solutions that increase situational understanding for
transportation, defense C4ISR, and training customers worldwide to
decrease urban congestion and improve the militaries’ effectiveness
and operational readiness. Our teams innovate to make a
positive difference in people’s lives. We simplify their daily
journeys. We promote mission success and safety for those who serve
their nation. For more information about Cubic, please
visit www.cubic.com or on Twitter @CubicCorp.
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Media ContactLaura
ChonCorporate CommunicationsCubic CorporationPH:
858-505-2181Laura.Chon@cubic.com
Investor ContactKirsten
NielsenInvestor RelationsCubic CorporationPH: +1
212-331-9760Kirsten.Nielsen@cubic.com
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