Eroad CEO given $200k bonus before sudden resignation

Former CEO Steven Newman took investors by surprise with his effective-immediately resignation in April. (Photo: Eroad)

Mon, 30 May 2022

Eroad’s former chief executive Steven Newman secured a sizeable performance bonus just one week before his sudden and immediate resignation was announced in April. Today, the fleet management company issued Newman with 73,900 shares – worth about $200,000 – under a long-term incentive plan it offers staff and executives. An Eroad investor relations manager told BusinessDesk the company had achieved 101% of the targeted growth in contracted units required in the incentive plan.“As Steven achieved this perfo...

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