Senior Vice President & General Manager
Richard Wunderle has been senior vice president and general manager of Cubic Transportation Systems since October 2008.
Prior to this appointment he was the senior vice president of financial operations. He was a controller at Cubic Defense Applications through 1991 and has spent the last 21 years at the transportation business unit where he was vice president and then senior vice president of finance before his current position.
As leader of the North American operations, Richard has overseen projects that are among the company’s largest and most significant activities and contract awards of recent years, beginning with the acquisition of leading North American contracts owned by ERG Vix, an Australia-based competitor, in 2009. The largest of the contracts was for the regional smart card system in the San Francisco Bay Area, since rebranded the Clipper Card, which Cubic launched for the Metropolitan Transit Commission, the regional transit authority for the more than 20 operators in the region including BART, AC Transit, SamTrans, Cal Train and the Santa Clara VTA.
Subsequently, the $220 million contract for Vancouver’s smart card system and the more than $450 million contract for Chicago’s open payment system were awarded in 2010 and 2011 respectively. The Chicago contract is the largest fare collection contract ever awarded in North America. Both contracts signal a major shift from Cubic’s traditional design and build model to include the ongoing services for operations and maintenance. The Chicago contract is also significant because it will be the first large-scale open payment system in North America as well as for its public-private finance structure supported by Cubic’s financing which will create an ongoing revenue stream per transaction.
Richard earned a bachelor’s degree in accounting from San Diego State University and his MBA from the University of San Diego.