Cubic announces departure of Cubic Transportation Systems president

Cubic Transportation Systems (CTS) President Matt Cole will leave Cubic Corporation at the end of January, according to an announcement from the company.

Laurent Eskenazi, who is currently the senior vice president and managing director of CTS EMEA, will serve as the interim president of CTS effective Jan. 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 Feldmann, chairman, president and CEO 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 UK, 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.