Eroad faces ‘distraction’ as largest shareholder tries to overhaul board

NZ Herald

25 May, 2026 04:49 AMQuick Read

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Eroad provides truck tracking software. Photo / 123RF

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.

The New York-based investment firm wants to oust chair John Scott and another board member and get three appointees on the board.

The Eroad board has already decided to delay the expected appointment of a new chief executive until after this shareholder effort is settled.

An annual shareholders’ meeting will be held on June 24 in Auckland, and the Eroad board is advising shareholders to only agree to two new Ampfield-backed board members.