Incoming CEO for Tracsis as Chief steps down

Slight revenue rise predicted for Tracsis

Christopher Mathew Barnes is poised to become CEO – Designate of Leeds transport software business Tracsis, replacing outgoing Chief Exec John McArthur.

McArthur is stepping down from his current role in the first half of the year to focus on family and “other non-business matters outside the Group”.

He will remain CEO and a member of the Board throughout a handover and transition period.

Barnes is currently Managing Director of Ricardo UK’s automotive consulting division and will take up his new role on February 4.

He has held a number of senior roles within Ricardo, including Managing Director of Ricardo Software, New Ventures Director and Global Product Group Director.

McArthur said: “It has been my pleasure and privilege to serve Tracsis over the past 14 years and I am proud of what our team has achieved in taking a small University spin-out and developing it into the successful technology company we see today.

“After careful consideration about my own future aspirations, now is the right time to transition out of the business and allow a new leader to take up the reins for our next phase of growth.

“As a significant shareholder in a business I helped create, the continued success of Tracsis is of utmost importance to me. My transition comes at a time when the Group is very well positioned for the future, has a clear strategy, a great management team, and a strong pipeline of organic and acquisitive opportunities.

“I have every confidence in Chris and believe his experience, passion and ambition – combined with the significant talent of our existing team – will drive the business to new heights.”