New CEO at Masternaut
Dhruv S. Parekh has joined Masternaut, a pan-European provider of fleet telematics solutions, as Chief Executive Officer. Dhruv joins Masternaut from Capstone, a group of operational executives that work closely with portfolio companies of private equity firm KKR & Co. Masternaut’s next-generation platform, Masternaut Connect, harnesses telematics data and provides both business productivity applications and the promotion of social benefits including road-risk reduction and emissions management.
Dhruv has worked with technology companies around the globe to drive major growth programmes and will focus on leveraging Masternaut’s technology platform to bring innovation and value to the commercial fleet market through the adoption of telematics. “I am excited to be joining Masternaut, a leader in telematics with a proven track record of delivering value to thousands of customers across Europe. The telematics industry is in the early stages of a major trend in connected vehicles. The company has a strong and experienced team, backing from a growth equity investor in Summit Partners and strategic support from Fleetcor Technologies, the global fuel card and speciality payments processing company. This combination allows Masternaut to focus on delivering differentiated solutions to the commercial fleet market.”
Han Sikkens, Managing Director at Summit Partners and Masternaut board director commented, “We are delighted to havean experienced global technology executive taking the helm at Masternaut to lead the next stage of the company’s growth.”