TRAC bids farewell to CEO

NELSPRUIT – Trans African Concessions (TRAC) has announced the retirement of its CEO at the end of the month.

TRAC chief executive officer Mr Arthur Coy will retire effective end of September after serving the company for 10 years in his current position.

“Coy helped shape TRAC, the N4 toll route and its people in both South Africa and Mozambique into an effective and strong unit. For many years he has given excellent service to the company, its roads users, external stakeholders, the community, South African National Roads Agency and ANE. He leaves a company which operates on a sound footing, takes care of the community in which it coexists, with a healthy future ahead,” says chairman of the TRAC board Mr Jurie Swart.

Coy has had some health concerns over the past few months and will first take some time to address these before he embarks on the next chapter in his life. “I’ve always enjoyed challenges and new innovations and I look forward to imparting my experience and knowledge in an advisory capacity to small and developing businesses,” he says.

He has strived to have meaningful relationships with people and has been a proponent of success as a result of teamwork and harnessing the skills of others. “I have been privileged to work with a supportive team at TRAC and I am sure that they will continue the good work which makes it the successful company it is. Guiding and supporting the TRAC team, and engaging with our diverse stakeholders and the various communities the N4 toll-route transects, have been rewarding experiences.”

Coy is known in business circles as a successful leader and strategist. He has been managing people, projects and businesses since 1975.

He has wide experience in the construction and civil-engineering industries and has served the Chartered Institute of Building, the SA Federation of Civil Engineering Contractors, the Building Industries Federation and also as a member of the Institute of Directors.

When Coy wasn’t in boardrooms or on construction sites, he could found on the golf course. During the past three years, he also served as chairman of the Country Club Johannesburg.

His career started at Murray & Roberts Southern Cape before he became managing director of Murray & Roberts Eastern Province. In 1988, he was appointed managing director of the company’s Transvaal leg. He then became chief executive of Murray & Roberts Contractors International and then deputy chairman of Murray & Roberts Construction in 1996.

Thereafter Coy’s career led him to a number of executive positions at Drake & Scull, Mesure Facilities Management and Basil Read Holdings, before he became CEO of TRAC in 2003.

TRAC manages the N4 toll road, from Gauteng to Maputo, on behalf of the national roads agencies of South Africa and Mozambique. Toll-road concessions are complex public/private partnerships which also include the full-time maintenance and upgrade of the road.

Its board has appointed Mr Graham Esterhuysen, TRAC’s current chief engineer and technical manager, to take over in the role of acting CEO in the interim. Esterhuysen has a long history with the company and is well placed to ensure a seamless transition.