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
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...

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