Article Highlights

Key Takeaway:

Peter Torrellas this week officially took over as president of Cubic Transportation Systems, the largest fare-system supplier globally, but one that is facing major challenges in the market. Torrellas replaces Jeffrey Lowinger, who retired after a sometimes bumpy ride at the helm of Cubic’s transportation division.

Key Data:

These departures were in addition to the layoffs of more than 200 employees in the company, as part of a reorganization, which Lowinger oversaw before he left, Mobility Payments has learned.

Organizations Mentioned:

Cubic
TfL (London)
MTA (New York)
MARTA (Atlanta)
MBTA (Boston)
SEPTA (Philadelphia)
TfNSW (Sydney)
Metrolinx (Toronto)
Conduent
• INIT

Peter Torrellas this week officially took over as president of Cubic Transportation Systems, the largest fare-system supplier globally, but one that is facing major challenges in the market.

Torrellas replaces Jeffrey Lowinger, whose more than three-year tenure as head of Cubic Corp.’s transportation division was marked by the acquisition of the company by private equity, employee

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