SOURCE: Cubic Corporation

Cubic Corporation

September 01, 2010 07:00 ET

Cubic Names New Finance Vice President for Transportation Business

SAN DIEGO, CA--(Marketwire - September 1, 2010) -  Cubic Transportation Systems, Inc., the transportation unit of Cubic Corporation (NYSE: CUB), announced the promotion of Min Wei to vice president of financial operations worldwide.

Since early 2010, Wei has served in an acting capacity following Matt Cole's promotion to managing director of Cubic Transportation Systems' Australasia operations. Cole previously was vice president of financial operations.

Prior to Cubic, Wei was vice president of finance for ERG Transit Systems from 2003 to 2009. Previously, he held various executive finance management positions in other high-tech and telecommunications businesses. Wei joined Cubic as vice president of commercial activities in 2009 when Cubic acquired selected Vix ERG assets in North America. 

In his new role, Wei is responsible for financial operations, business planning, and strategic financial oversight of Cubic Transportation Systems' worldwide business.

Wei holds a master's degree with an emphasis in finance, banking, and international business from the University of San Francisco and a bachelor's degree in economics from the University of International Business & Economics in Beijing.

Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services.

Cubic® Transportation Systems, Inc. is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call centre services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services.

Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York / New Jersey region; Washington, D.C. / Baltimore / Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia. For more information about Cubic, see the company's Web site at

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