T2 Names Sparks as CEO; Mike Simmons moves to Board Chairman
T2 Systems has named David Sparks as CEO. He assumed the post Oct. 7, as Mike Simmons, Co-Founder and CEO, began his new role as
“Dave’s experience in large-scale infrastructure and transportation projects, his entrepreneurial spirit and focus on growth are what T2 needs at this stage in its lifecycle,” Mike Simmons said. “An outstanding business leader, he brings a wealth of experience and keen understanding of the challenges and opportunities in the parking and transportation industry.”
Sparks, a Co-Founder of TransCore, had been its Executive VP. He has served on the ITS America Board of Directors since 2009, and on its Executive and Strategic Planning committees.
“The board is delighted that someone of Dave’s caliber will lead T2 forward, and that Mike will continue as Chairman and focus on strategic business development and acquisitions,” said Walker Simmons, a T2 Board Member and Partner at Pamlico. The private equity firm made a $28 million investment in T2 Systems in 2011.
“T2 is in excellent shape with significant momentum due in large part to Mike’s insightful leadership,” Walker Simmons said. “We have a clear strategy for T2’s future growth and will continue to benefit from his extensive industry knowledge and relationships in his new role.”
[Source: T2 Systems]
Article Abstract from December, 2013