Article Highlights

Key Takeaway:

Cubic Corp. has hired Elliot “Lee” Sander, a longtime transportation industry veteran to try to turn around its troubled fare-system unit.

Key Data:

• Memo: Steve Slijepcevic’s message to Cubic employees

Organizations Mentioned:

• Cubic Corp.
• CTS (Cubic)
• MTA (New York)
• Veritas Capital
• Elliott Invest. Mgmt.
• TfL (London)
• TfNSW (Sydney)
• TransLink (Vancouver)
• Miami-Dade County

Cubic Corp. has named a longtime transportation industry veteran, who served a stint as CEO of New York’s Metropolitan Transportation Authority, to head its troubled transportation unit, CTS.  

Elliot “Lee” Sander styles himself as a turnaround expert after running, “large, complex” organizations for decades. Now in his early 70s, Sander is no stranger to organizations in crisis.

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