The high-profile appointment further bolsters Trakm8’s senior team and will see Penny help lead the strategic vision and commercial growth of the West Midlands-based business.
Bringing with her more than 25 years of experience within the insurance and financial services sectors, Penny is well known across the industry for founding a number of highly successful FinTech Companies. The first, Wunelli Ltd, went onto be purchased by LexisNexis in 2014, while her SmartDriverClub start-up was acquired by Calamp earlier this year.
Speaking of her appointment, Penny said: “I’ve been aware of Trakm8 as an industry leader for some time, and am delighted to be joining the team. The business has seen some impressive growth across the past few years, and I’m looking forward to developing this further.
“As part of my new role, I will be applying my extensive experience across both motor insurance and telematics to identify new commercial opportunities for Trakm8, and to help the business further sharpen its market-leading offering.”
John Watkins Executive Chairman at Trakm8, added: “The appointment of Penny Searles as a new Non-Exec Director at Trakm8 is a real statement of intent for our ambitious growth plans for the business. Penny is a formidable name in the industry, having founded – and led – some of the sector’s most innovative and exciting start-ups. It’s an exciting time at Trakm8, with a number of high-profile contract wins and new product launches, and Penny’s appointment is very much a part of that. This appointment also furthers our diversity at Board level, with just 15% of AIM companies’ Directors being female.”
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