Eroad’s founder and CEO resigns - shares slump

Eroad’s founder and CEO resigns - shares slump

Steven Newman had been Eroad CEO since 2007. (Image: Eroad)

Henry Burrell

Fri, 08 Apr 2022

Eroad’s founder and chief executive, Steven Newman, has resigned from the company and its board.Newman co-founded sat-nav company Navman before moving to Eroad to become CEO in November 2007. Current general counsel and company secretary, Mark Heine, will replace Newman as acting CEO effective today.In a statement, the transport technology company said its board and Newman had started a succession plan in 2020.“With the completion of the acquisition of Coretex Limited, and the relaxation of covid related travel restrictions, an inte...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Credit Card

Cardholder's name

Yearly - (Save $179 compared to monthly) $349.00

Monthly $44.00

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

S&P/ASX 200 drops more than 6% after open

Markets

S&P/ASX 200 drops more than 6% after open

The global trade war is ramping up.

Rebecca Howard 12:00pm

Markets

S&P/NZX 50 opens down more than 2%

A nasty global trade war has now officially begun.

Rebecca Howard 10:25am

S&P/NZX 50 opens down more than 2%

World

China arming for another US trade war

Communication between Washington and Beijing is at a standstill.

The Wall Street Journal 10:00am

China arming for another US trade war

Sponsored

New life in property market

Tax rule changes are bringing back mum-and-dad investors.

Fletcher Living

Sponsored

Commercial property trends: AI, sustainability and growing confidence

Falling rates and green tech shape property investment’s future.

PMG

More Technology

What a $130b company wants with rural NZ

Retail

What a $130b company wants with rural NZ

Towns like Te Puke and Feilding have three meal delivery services to choose from.

Gregor Thompson 5:00am

Trump exodus an opportunity for NZ

Opinion

Mark Bregman: Trump exodus an opportunity for NZ

Today, we see concerning signs of history repeating itself.

Mark Bregman 5:00am

AI boosting productivity, impacting recruitment

Technology

AI boosting productivity, impacting recruitment

40% of businesses saw less need for new hires, up 11 percentage points from September.

John Anthony 5:00am

Faith, freedom and the long thread of technology

Technology Opinion

Faith, freedom and the long thread of technology

As humanity pushes the boundaries of science and AI, God is waiting in the wings.

The Wall Street Journal 06 Apr 2025