TMC group Navan has announced that Reed & Mackay¡¯s CEO Fred Stratford is to retire from his role with Nina Herold taking over later this year.

Navan, which acquired UK-based Reed & Mackay in 2021, said that Herold, who was formerly Navan¡¯s chief operating officer, will take over from Stratford as Reed & Mackay¡¯s CEO from 1 October 2025.

In a statement, Navan said that Stratford would be retiring after 13 years with Reed & Mackay in the autumn. It added that to ¡°ensure a seamless transition¡±, Herold would join Reed & Mackay in August before formerly taking over as CEO in October.

Ariel Cohen, CEO and co-founder of Navan, said: ¡°On behalf of the entire company, I want to extend our extreme gratitude to Fred Stratford for his exceptional leadership over his tenure as CEO.

¡°I am confident that Nina is the right person to lead Reed & Mackay into the next phase of their growth journey. Nina is a proven leader and well-positioned to deliver on the significant benefits that come from combining Reed & Mackay¡¯s first-class service with Navan¡¯s industry-leading tech.¡±?

California-based Herold first joined Navan, then known as TripActions, in 2018 and before joining the nascent TMC had spent nearly four years working for ground transport specialist Uber. She will relocate to London to take up her new role as CEO of Reed & Mackay.?

¡°I am honoured to take on this role at such a pivotal moment in Reed & Mackay¡¯s journey,¡± said Herold. ¡°I have greatly enjoyed getting to know Fred and his leadership team since the acquisition and look forward to working closely with the entire team as we aim to drive value for our clients.?

¡°Moving forward, I am confident we will continue to build on Reed & Mackay¡¯s legacy of providing exceptional service, while providing enhanced technology that exceeds client expectations.¡±

Stratford said in a statement that he was ¡°incredibly proud of everything we have achieved at Reed & Mackay¡±.

¡°We don¡¯t take our reputation as a leader in service across the globe lightly, and it¡¯s a credit to our passionate and skilled teams that we continue to surpass expectations,¡± he added.

¡°Having worked alongside Nina for the last four years, I am confident in the value that she will bring to Reed & Mackay and delighted to hand over the reins to her for the next phase of the journey.¡±?

Navan said Ofer Ben-David will continue to serve as Navan¡¯s chief operating officer following the changes at Reed & Mackay. Ben-David assumed responsibilities for this role in October 2024.

¡°Ofer has long been a valuable member of our leadership team, and in his new role he continues to leverage his unique engineering and product expertise,¡± added Cohen.