Resignation of EROAD’s Chief Financial Officer

ADMIN

Mon, Nov 25 2024 08:33 am

AUCKLAND, 25 November 2024: For the purposes of NZX Listing Rule 3.20.1, technology services company EROAD (ASX/NZX: ERD) advises that Chief Financial Officer, Margaret Warrington, has resigned effective 21 February 2025.

EROAD Co-CEO Mark Heine said “Margaret joined EROAD in August 2020 and has been instrumental in assisting the organisation to stabilise the core and deliver positive Free Cashflow. Margaret has been a valued member of the executive team and has developed a highly capable and valued finance function. In her role she has developed excellent external relationships with our investors, banks and advisers as well as having our legal function report to her. On behalf of the EROAD Executive Leadership Team and the Board, our thanks go to Margaret and we wish her the very best for her new role returning to Summerset Group Holdings Limited.”

EROAD will commence a recruitment process to search for a replacement Chief Financial Officer and will update the market when an appointment is made.

Authorised for release to the NZX and ASX by EROAD’s General Counsel & Company Secretary, Ksenija Chobanovich.

For Investor enquiries please contact:
Jason Kepecs
[email protected]
NZ contact: +64 21 990 474
AU contact: +61 47 7711 136

For Media enquiries please contact:
Richard Llewellyn
[email protected]
+64 27 523 2362

About EROAD
EROAD is a fully integrated technology, tolling and services provider, based in Auckland, New Zealand. They were the first company in the world to implement a GNSS/cellular-based road charging solution across an entire country. They design and manufacture in-vehicle hardware, operate secure payment and merchant gateways and offer web-based value-added services. EROAD modernises road charging and compliance for road transport by replacing paper-based systems with easy-to-use electronic systems. They are the largest provider of road user charges (RUC) compliance in New Zealand, and a leading provider of health and safety compliance and fleet management solutions. EROAD is listed on the New Zealand Stock Exchange (NZX) and Australian Stock Exchange (ASX) under the stock symbol of ERD.
www.eroad.co.nz