Coupé-d'état: David Sena has the upper hand in the battle for control of NZAI

David Yusuke Sena, a co-founder and director of NZAI. (Image: NZAI)

Wed, 20 Jul 2022

NZ Automotive Investment’s (NZAI) largest shareholder has put forward two candidates to replace the existing board in what looks likely to be a successful coup attempt. David Yusuke Sena, a co-founder and director of the car dealership company, has forced the resignation of his fellow board members with a threat to oust them at the next shareholder meeting.In a statement, he said the proposal to remove three non-executive directors was necessary to turn around poor financial performance and restore shareholder value.“This is ab...

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