Jim Travers set to make nearly €16m from Fleetmatics sale

Jim Travers set to make nearly €16m from Fleetmatics sale
Jim Travers

Travers has been chief executive and chairman of the company since 2006

Jim Travers, the outgoing chief executive of Fleetmatics, is to net over $17.5 million (€15.7 million) from the $2.4 billion sale of the company he leads to US telecommunications giant Verizon.

The all-cash sale of Fleetmatics, a global powerhouse in fleet management that was founded in the Dublin suburb of Templeogue in 2004, was announced by Verizon’s telematics division last week.

Travers, 65, has been chief executive and chairman of...

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