Markets

NZSA looks to block NZ Automotive Investments board nominees

Dan Brunskill
Fri, 29 Jul 2022

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
Fri, 29 Jul 2022
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...

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