Neology hires former Cubic exec as new CEO
ITS (UK) member Neology has appointed Bradley H. Feldmann its new Chairman and CEO. Founder Francisco Martinez de Velasco will continue to serve as President.
Mr Feldmann is a well-known leader across the transportation, defence, and security industries, mostly notably from his tenure at Cubic Corporation. Neology says his expertise and guidance will “accelerate Neology’s momentum of modernising smart mobility systems through its proven open-platform solutions and advanced AI techniques particularly during the current inflection points happening globally”.
As the former Chairman, President and CEO of Cubic Corporation, Mr Feldmann expanded Cubic’s enterprise value by 169% and made Cubic into a dominant player in the United Kingdom, North America, and Australia in the transport payments systems industry.
“I am thrilled to join the Neology team and help take the company to the next level. I am very familiar with the company, its innovative solutions, and its reputation,” said Mr Feldmann. “Given the increased demand for road usage solutions and fragmentation of the market, I strongly believe there is a great opportunity to accelerate our growth to better serve our smart mobility customers.”
“Brad is the ideal addition to our executive management team based on his stellar leadership record and deep knowledge of the industry, along with an understanding on where it is headed,” added Martinez de Velasco. “With his focus on ‘winning the customer,’ we know Brad will help fuel our growth and help scale the business.”
Neology is backed by One Equity Partners, a middle market private equity firm with more than $8 billion in assets under management focused on transformative combinations within the industrial, healthcare and technology sectors in North America and Europe.
“We welcome Brad to Neology’s executive team as he is a key piece to help navigate the industry’s shift to more progressive infrastructure that includes new technology techniques and a focus on the multi-modal user journey,” said Dr. Jörg Zirener, Senior Managing Director at OEP. “We are confident he will continue Neology’s trajectory as a market leading company in the current wave of smart mobility solutions.”
(Picture – LinkedIn)