Cubic's Transportation Unit Announces Key Organizational Changes.Business Editors SAN DIEGO--(BUSINESS WIRE)--March 5, 2003 Cubic Transportation Systems, the transportation unit of San Diego-based Cubic Corp. (AMEX AMEX See: American Stock Exchange :CUB), today announced key changes to its organization. Walter C. Zable, who had served as Cubic Transportation Systems' president and chief executive officer, has been named chairman of the subsidiary. He also continues in his role as corporate vice president and vice chairman of Cubic Corp.'s Board of Directors. Zable has named Richard A. Johnson Cubic Transportation Systems' new president and chief executive officer. Johnson had held the position of chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the unit since Zable hired him in September 2000. "Since joining Cubic, Rick has brought new and strong ideas on how to grow our transportation business, bringing focused leadership to the organization. These new organizational changes will help set a course for the company's overall growth in the 21st century," Zable said. Raymond deKozan, who had served as chairman of Cubic Transportation Systems, will continue to provide corporate oversight in his role as corporate vice president and on Cubic Corp.'s Board of Directors. Cubic Transportation Systems is the world's largest provider of integrated electronic ticketing systems and has smart card contracts for public transit systems in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia. Every year, nearly 10 billion people use Cubic systems in more than 400 major markets in cities on five continents, including London, Washington, D.C., Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Chicago, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Guangzhou, Shanghai, Atlanta, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Los Angeles, San Diego, Singapore and Miami. As part of the TranSys consortium, Cubic also supplied the entire automated fare collection system The Automated Fare Collection System (AFC) is the name given to three interoperable automated ticketing systems for government-run buses, trains and ferries in and around Sydney, Australia. including smart cards for the London PRESTIGE project. The corporation's other major segment, Cubic Defense Applications, provides instrumented air and ground combat training systems, battle command training, simulations and simulation support for U.S. and allied military forces. The group also provides high technology avionics, data links and communications products for government and commercial customers, and a wide range of technical and logistics services. For more information about Cubic, see the company's Web site at www.cubic.com. |
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