12 July 2021
Trakm8 Holdings plc
("Trakm8", the "Group" or the "Company")
Directorate Change
Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider today announces that Jon Furber intends to step down from the Board effective 30th September 2021 having served on the Board as Chief Financial Officer for over 4 years. Jon has decided to return to private equity back business.
In addition, the Company announces the appointment, effective 1st October 2021, of Jonathan ("Jon") Edwards as the new Chief Financial Officer of the Group and Board Director, subject to the usual regulatory approvals.
Jon has been employed by the Group for over 14 years, for many of those years as the Group Financial Controller and more recently as Group Operations Director. During the period to 30th September the time will be used to facilitate a smooth handover of responsibilities.
John Watkins, Executive Chairman, commented: "On behalf of the Board I would like to thank Jon Furber for his significant contribution to the Group and wish him well for the future. We look forward to welcoming Jon Edwards to the Board."
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For further information:
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Trakm8 Holdings plc |
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John Watkins, Executive Chairman |
Tel: +44 (0) 167 543 4200 |
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Jon Furber, Finance Director |
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Arden Partners plc (Nominated Adviser & Broker) |
Tel: +44 (0) 20 7614 5900 |
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Paul Shackleton, Head of Corporate Finance |
Simon Johnson, Head of Sales
About Trakm8
Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group analyses data collected by its installed base of telematics units to fine tune the algorithms that are used to produce its' solutions; these monitor driver behaviour, identify crash events and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers.
The Group's product portfolio includes the latest data analytics and reporting portal (Trakm8 Insight), integrated telematics/cameras/optimisation, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 254,000 connections.
Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors to many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Iceland Foods, The Parts Alliance Group, Direct Line Group, LexisNexis and Ingenie.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.
www.trakm8.com / @Trakm8