Tracsis announced that Chris Barnes will step down as Chief Executive Officer and from the Board on 31 July 2025, following six years in the role. The Board is pleased to confirm that David Frost will be appointed as CEO. David will join the Group on 9 July 2025 before assuming the role of CEO and joining the Board on 1 August 2025.
Chris will remain with the business for a period of time thereafter to ensure an orderly handover. David is an accomplished CEO in the industrial technology sector with a proven track record of driving organic growth, executing high-quality M&A and delivering advanced analytical software solutions across critical infrastructure end markets, together with extensive US experience. He most recently served as Chief Executive Officer of Ovarro Ltd. (Ovarro), an IoT technology leader in the monitoring and control of remote critical assets in national and critical infrastructure markets, where he delivered revenue and profit growth of 2.5x and 3x respectively.
Prior to Ovarro, David previously served in a senior capacity at Eaton Corporation, General Electric and Honeywell. David Frost (aged 58) holds or has held the following directorships or partnerships in the past five years: Previous directorships or partnerships: Ovarro Ltd; Ovarro DA Ltd; Ovarro DA Holdings Ltd; Ovarro Holdings Ltd; Ovarro TS Ltd; Ovarro LD Ltd; Ovarro Group Ltd; Controlpoint Ltd; Frost Home Rental Ltd; Ovarro SA; Ovarro PTY Ltd; Ovarro INC; Ovarro SDN.BHD; Ovarro SAS; Ovarro BV.
