New Zealand based integrated used automotive group, NZ Automotive Investments Limited (NZAI/the Company) (NZX: NZA), has announced that two independent directors, Chairperson Karl Smith and Michele Kernahan, have informed the Board of their intention to resign, effective 8 April 2022.

Charles Bolt is appointed as interim Chairperson with effect from 8 April 2022, pending the appointment of a new Chairperson.

The Board is undertaking a process to identify and appoint new independent director(s) to join the Board, and to appoint a new Chairperson.

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