Eroad faces ‘distraction’ as largest shareholder tries to overhaul board
Eroad’s chair says a reset towards the New Zealand and Australian market is being distracted by a shareholder’s board takeover effort.
Alongside publishing full-year results on Monday that showed flat revenue and a $161.1 million loss, the fleet technology company said its largest single shareholder, Ampfield Management, was seeking to overhaul its board. ⌘ Read more