Dhruv Parekh has been appointed as telematics provider Masternaut’s new chief executive officer. He replaces outgoing CEO Martin Hiscox.
Parekh joins from Capstone, a group of executives that work closely with private equity firms.
While working with Capstone he worked with technology companies to help them grow. He will focus on innovating Masternaut’s fleet telematics systems and developing its next-generation platform.
“Masternaut is 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, and Masternaut is positioned to lead the market in technology and service innovation,” said Parekh. “The company has a strong and experienced team, backing from a leading growth equity investor in Summit Partners and strategic support from Fleetcor Technologies.”
