Appointment of Chris Cole as Non-Executive Chairman
Tracsis plc is pleased to announce the appointment of Christopher Cole as Non-Executive Chairman with immediate effect.
Christopher Cole, 67, is the Non-Executive Chairman and founder of WSP Group Plc ('WSP'), a leading global engineering and environmental consultancy. Chris held the post of Chief Executive Officer at WSP between 1987 and 2012, and in that time grew the Company both organically and by acquisition to become a market leader employing over 10,000 people across 40 countries. Most recently, Chris led the merger of WSP with Genivar Inc and has become the Chairman of the enlarged entity, now named WSP Global Inc. WSP Global now trades on the Toronto Stock Exchange under the ticker WSP with turnover in excess of CAD $2bn.
Chris is also Non-Executive Chairman of Ashtead Group Plc (FTSE 100) and Senior Independent Non-Executive Director of Infinis Energy Plc (FTSE 250). He is a Chartered Engineer and Chairman of the Association of Consulting Engineers. Under the terms of his appointment, Chris will not take participate in any share options or stock in Tracsis.
John McArthur, Chief Executive Officer, commented:
"We are absolutely delighted to have Chris join Tracsis as Non-Executive Chairman. Chris has a wealth of experience in growing and building successful businesses and we look forward to his counsel and support as we look to expand both domestically and internationally.
As the founder of a major engineering Group, Chris has direct experience of the transportation industry and is well versed in both M&A and international business which are key elements of our growth strategy. On behalf of the Board and the rest of our team, I welcome Chris and wish him every success with Tracsis."
Chris Cole, Non-Executive Chairman, commented:
"I am very pleased to be joining Tracsis to provide my experience and support in developing the business and achieving management's ambitions for growth in the exciting sectors in which it works."