Eroad's new 'dual' CEOs could split a salary bill of $1.4m

Eroad's new 'dual' CEOs could split a salary bill of $1.4m
Mark Heine and David Kenneson are likely to be on similar pay packets. (Image: Eroad)
Brent Melville
Eroad says it will disclose the cost of transitioning United States-based marketing consultant David Kenneson into a joint-chief executive role when it publishes its annual report in May.But he's likely to come in at a base salary of about $700,000, plus incentives.The fleet tracking and transport tech group, which operates in New Zealand and Australia and employs about 100 staff in the US, announced on Tuesday it had appointed Philadelphia-based Kenneson to work alongside current chief executive Mark Heine. Kenneson, 52, president of...

More Markets

NZX 50 dips despite Fletcher Building's 4.6% gain
Markets Market Close

NZX 50 dips despite Fletcher Building's 4.6% gain

Pacific Edge shares gained after it said it got a step closer to Medicare approval.

ANZ agrees to record A$240m fine for widespread misconduct
Markets

ANZ agrees to record A$240m fine for widespread misconduct

ANZ has agreed to pay the largest penalty its Australian regulator has ever issued an entity in one go, due to failings in the bank’s dealings with both the Government and its retail customers.ANZ and the Australian Securities and Investments Commission (ASIC) will ask the Federa...

Trade Window looks to boost profile with ASX listing
Markets

Trade Window looks to boost profile with ASX listing

Trade Window is moving to broaden its investor base with a secondary listing in Australia.The Auckland-based trade software firm said on Monday that with its secondary listing, it was pursuing "the goal of increasing its profile among the broad pool of investors across the Tasman...

Banks revise economic outlooks for Q2 GDP contraction
Finance

Banks revise economic outlooks for Q2 GDP contraction

Economists now see NZ's GDP contracting in Q2, but doubt a technical recession in Q3.