Cubic announces leadership transition for transportation business unit
Matthew J. Cole was named president of CTS and sr. VP of Cubic Corp., effective October 1, while Stephen O. Shewmaker, who plans to retire in 2016, has been appointed chairman of CTS.
Cubic Corp. named Matthew J. Cole, executive VP and deputy, strategy and business development, of Cubic Transportation Systems (CTS), president of CTS and sr. VP of Cubic Corp., effective October 1.
Stephen O. Shewmaker, who plans to retire in 2016, has been appointed chairman of CTS. In this role, Shewmaker will continue to support Cubic’s key customers and help shape the strategic direction of the business. Both Shewmaker and Cole will report to Bradley H. Feldmann, president and CEO of Cubic Corp.
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Cole joined CTS in 2003 and has held various positions of increasing responsibility, most recently as deputy and executive VP, strategy and business development. Prior to that, he served as managing director of CTS-Australasia and VP, finance for CTS. Cole was instrumental in the negotiation of the Future Ticketing Agreement with Transport for London and the award and mobilization of the Opal Card contract in Sydney. He also spearheaded the acquisitions of NextBus and Serco's Transport Solutions business (Cubic ITMS), as well as the launch of Urban Insights, a data analytics consultancy company.
In addition, he was a primary architect of the NextCity vision, the company’s strategy focused on the delivery of an integrated customer experience, one account and integrated operations and analytics.
The region’s fixed-route system finished out the year with a total of 373.5 million rides. Adding 12.3 million rides over 2024 represents an increase that is equal to the annual transit ridership of Kansas City.
The service is a flexible, reservation-based transit service designed to close the first- and last-mile gaps and connect riders to employment for just $5 per day.
The upgraded system, which went live earlier this month, supports METRO’s METRONow vision to enhance the customer experience, improve service reliability, and strengthen long-term regional mobility.
The agreement provides competitive wages and reflects strong labor-management collaboration, positive working relationships, and a shared commitment to building a world-class transit system for the community, said RTA CEO Lona Edwards Hankins.
The priorities are outlined in the 2026 Board and CEO Initiatives and Action Plan, which serves as a roadmap to guide the agency’s work throughout the year and ensure continued progress and accountability on voter-approved transportation investments and essential mobility services.
