Tracsis plc announced that John McArthur has notified the Board of his intention to step down from his current role of Chief Executive in the first half of 2019 to focus on family and other non-business matters outside the Group. The board announced that, following an extensive search process, Christopher Matthew Barnes ('Chris'), will join the company on 4 February 2019 as Chief Executive Officer - Designate. Chris is the current Managing Director of Ricardo UK Limited's automotive consulting division.

Chris has previously fulfilled a number of senior roles within Ricardo plc including Managing Director of Ricardo Software, New Ventures Director and Global Product Group Director. Following a suitable period of handover and transition (which is expected to last several months), Chris will succeed John as Chief Executive Officer and will join the Board. John will remain as Chief Executive Officer and a member of the Board until the conclusion of the transition period.

After stepping down from the Board, John will continue to work with Tracsis in a part-time advisory capacity with a remit of advising and assisting on further M&A which continues to be an integral part of the Tracsis growth strategy.