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Cubic Transportation Systems president Peter Montgomery-Torrellas has resigned to take a job as head of an unnamed AI company, according to a Cubic spokesman. Montgomery-Torrellas’ job with Cubic was widely considered to be at risk after high-profile contract loses in London and Sydney. Cubic Corp’s CEO said he would assume the role of interim CTS president until a replacement is found.
• Memo: Montgomery-Torrellas’ message to employees.
• Memo: Steve Slijepcevic’s message to employees.
• Cubic
• Transport for NSW
• Transport for London
Cubic Transportation Systems president Peter Montgomery-Torrellas has resigned, saying he was leaving June 19 for a “new opportunity,” which he didn’t name. Steve Slijepcevic, chairman and CEO of CTS parent Cubic Corp. said he would assume the role of interim president, in addition to his other duties, until a replacement is found.
Montgomery-Torrellas’ job was widely considered to be at risk, especially following the recent loss by CTS of a second major contract in less than a year, this one with Transport for New South Wales in Sydney. The vendor had earlier lost its revenue-collection contract in London. (See below.)
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