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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Former CEO Newman to consult Eroad, report says higher bid close

The company’s board said a $1.30 a share offer ‘materially undervalues’ the business earlier this month.

Steven Newman.

The former chief executive of dual-listed telematics business Eroad, who resigned suddenly last April, has been appointed as an independent consultant to the business.

The appointment comes as The Australian reports Canadian company Volaris, which owns more than 18.7% of Eroad, is preparing to up

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Hamish McNicol Mon, 24 Jul 2023
Contact the Writer: Hmcnicol@nbr.co.nz
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Former CEO Newman to consult Eroad, report says higher bid close
Investment,
100040
true