The chief executive of a Leeds-based transport software provider is set to step down this year.
John McArthur will be succeeded by Chris Barnes, marking a significant leadership change for the company.
John McArthur’s Departure
John McArthur, the chief executive of a Leeds-based transport software provider, has announced his decision to step down in the first half of this year. McArthur has decided to focus on his family and other non-business matters, marking the end of an era for the company.
New Leadership at the Helm
Chris Barnes, currently the managing director of Ricardo UK’s automotive consulting division, will succeed McArthur. Barnes will join the company on February 4th to begin a handover and transition period. He is expected to bring a wealth of experience in the transportation and software sectors.
McArthur’s Continued Involvement
After stepping down, McArthur will leave the board but will continue to work with the company in a part-time advisory capacity. His role will involve advising and assisting on mergers and acquisitions.
Legacy of Achievement
Tracsis non-executive chairman, Chris Cole, praised McArthur for his exceptional contributions over the past 14 years. “I would like to pay tribute to John for his exceptional contribution over the past 14 years and what he has achieved,” Cole stated.
Barnes’s Vision
Chris Barnes, with over 20 years’ experience, is optimistic about the future. He has previously held senior roles at Ricardo, including managing director of Ricardo Software, new ventures director, and global product group director. “I look forward to working with the board and the management team,” Barnes expressed.
Company’s Future Prospects
With McArthur’s transition, the company is said to be well-positioned for the future with a clear strategy and strong management team. There are numerous organic and acquisitive opportunities on the horizon, which Barnes aims to capitalise on.
Significance to Shareholders
McArthur noted that as a significant shareholder, the continued success of the company is of utmost importance to him. This transition comes at a time when the company is well-positioned for future growth. McArthur emphasised the importance of the company’s future prospects.
In summary, John McArthur’s decision to step down marks a pivotal moment for the company.
Chris Barnes is set to continue the company’s growth trajectory, leveraging his extensive experience.