Teletrac Navman, a leading global provider of intelligent fleet and asset management solutions, has named current Chief Financial and Operating Officer Ricardo Buranello as the company’s next chief executive officer, effective Oct. 1.

“This represents an ideal time for Teletrac’s next phase of leadership, and we’re confident that Ricardo is the right person for the job,” said Jonathan Olefson, chairman of the board at Teletrac Navman. “Ricardo is a proven, mission-oriented leader who understands our business from the inside out. We look forward to what he and the entire team will accomplish.”

Buranello succeeds Alain Samaha, who will continue as CEO through Sept. 30, to ensure a seamless transition. Samaha will remain a member of Teletrac Navman’s Board of Directors and continue supporting Teletrac Navman’s long-term vision and strategic planning.

“Leading Teletrac has been one of the great privileges of my professional life. I am proud of what we have done together, and I am equally excited about what lies ahead for Teletrac. Ricardo is the right leader for this moment,” Samaha said. “His strategic clarity and deep understanding of our business will serve Teletrac, our customers, and our employees well into the future.”

Prior Executive Experience

Teletrac Navman said Buranello is a seasoned executive with more than two decades of international experience across telematics, IoT, and high-growth technology businesses.

Since joining Teletrac Navman, he has served as chief financial and operating officer and brings deep financial and operational expertise, a strong strategic orientation, and intimate knowledge of the business that make him ideally suited to lead the company into its next chapter. Buranello previously held leadership roles at Telit Cinterion, Siemens, and Totvs.

 “I am honored by the trust the board has placed in me and energized by the opportunities ahead,” Buranello said.  “Our customers, employees, and partners can count on the same dedication to innovation, excellence, and delivering meaningful results that has been at the core of Teletrac since the beginning.”

Teletrac Navman said that, under Buranello's leadership, it will continue advancing its cloud-based, AI-powered connected mobility platform while building on the growth, stability, and customer focus that have long defined the company.