Collision Management Systems (CMS) is strengthening its Board with the announcement of Stephen Lake as Non-Executive Director. Lake will provide commercial and strategic support for the company as it continues to scale-up its real-time vehicle-data aggregation operations in the UK and overseas.
Charles Smith, CEO of CMS confirms the appointment, “Stephen has over 20 years of experience scaling high growth technology businesses internationally – taking them from early stage through to Initial Public Offering (IPO) and Exit . We are thrilled to have him advising our team and helping us to navigate CMS through this exciting stage of our expansion. With his support, we aim to deliver double-digit growth in the next 12 months.”
A seasoned board member of Deloitte Fast 50 ranked companies, Lake has particular expertise working with organisations involved in big data, analytics, sensors and real-time information management, as an entrepreneur, investor and independent director. Formerly a senior executive at both Reuters and QinetiQ, where he was responsible for new business creation and ventures, he has also built a digital media business from pre-revenue, to $100M revenues and on to IPO.
Commenting on his new role, Lake says, “CMS is an exciting high-growth technology business with a large global market opportunity for its innovative data aggregation, risk management and analytics services. Following on from the recent £1.25 million investment by the BGF, I am delighted to be joining the board, supporting Charles and the CMS team to profitably scale the business, maintain and grow its innovative lead and capture lucrative market opportunities for its vehicle-IoT data expertise.”
In addition to his role with CMS, Lake is also a Non-Executive Director of Ordnance Survey and an active mentor and coach to several founders of entrepreneurial businesses.