Steve Newman re-emerges at ERoad

Steve Newman re-emerges at ERoad
Steve Newman says he will be helping the technology committee. (Image: NZME)
Pattrick Smellie
The former ERoad chief executive whose unexplained resignation in April last year sent the company’s share price into freefall, will return as an adviser to the telematics company’s board.ERoad announced Steven Newman’s re-emergence this morning ahead of Friday’s annual meeting, at which shareholders will be briefed on the company's strategy as it fights off a takeover bid.ERoad’s board rejected a takeover bid mounted by Volaris, a subsidiary of Toronto stock exchange-listed Constellation Software on June 22, a...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Staff reporters 05 Feb 2025
Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.

Gregor Thompson 05 Feb 2025