NZSA looks to block NZ Automotive Investments board nominees

NZSA looks to block NZ Automotive Investments board nominees
The firm's largest shareholder, David Sena, has nominated two new directors to replace the NZAI board. (Image: NZAI)
Dan Brunskill
The New Zealand Shareholders’ Association has announced it will oppose the directors nominated to replace the NZ Automotive Investments board at the vote in August.Four of the company’s five board members resigned earlier this month after the firm's largest shareholder and director, David Sena, said he planned to have them removed.NZ Automotive Investment's (NZAI) best-known brand is 2 Cheap Cars, which was founded in 2011 by Sena and Eugene Williams. Sena has since put forward two nominees to join the board to help the...

More Markets

NZ sharemarket continues sliding, down 0.5%
Markets Market close

NZ sharemarket continues sliding, down 0.5%

The S&P/NZX 50 Index closed at 12,692.72, down 68.47 points or 0.54%.

Spark sells remaining Connexa stake for $314m
Markets

Spark sells remaining Connexa stake for $314m

The sale will result in a $70m gain on telco's books.

Ben Moore 11:45am
Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Neal Barclay to exit Meridian as CEO
Markets

Neal Barclay to exit Meridian as CEO

Current CFO Mike Roan will take Barclay's spot atop Meridian.