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LONDON - Eurowag, a key technology partner for Europe's commercial road transportation (CRT) industry, announced upcoming changes to its board of directors. Current Chairman Paul Manduca is set to step down at the company's Annual General Meeting (AGM) on May 22, 2025. Manduca has been pivotal in leading Eurowag since its initial public offering (IPO) and will be succeeded by Steve Dryden, who currently serves as a Non-Executive Director and Chair of the Group's Audit & Risk Committee.
In addition to Manduca's departure, Sharon Baylay-Bell will also leave her position on the board and her role as Chair of the Remuneration Committee. Sophie Krishnan, who joined the board as a Non-Executive Director in March 2024, is appointed to take over Baylay-Bell's responsibilities, with Baylay-Bell aiding during the transition period.
Manduca's tenure as Chairman saw Eurowag through significant milestones, including its listing on the London Stock Exchange (LON:LSEG) and a period of substantial earnings growth, with EBITDA doubling. He expressed confidence in the company's future and endorsed Dryden as his successor.
Martin Vohánka, founder of Eurowag, expressed gratitude to Manduca and Baylay-Bell for their contributions to the company's success and welcomed Dryden's appointment as Chairman. Vohánka anticipates Dryden's leadership to be instrumental as Eurowag continues to evolve and grow.
Eurowag, established in 1995, focuses on aiding trucking companies in their transition to a low carbon, digital future by integrating critical data, insights, and payment and financing transactions into a unified ecosystem. This approach facilitates seamless operations for trucking companies before, during, and after their journeys.
The company's commitment to digitization and efficiency in the CRT industry positions it as a leader in technological solutions. The forthcoming board changes are part of Eurowag's ongoing succession planning, ensuring continuity and strategic leadership as the company navigates its next phase of growth.
The information regarding the board changes is based on a press release statement provided by Eurowag.
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