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  • EROAD (ERD) appoints Mark Heine as its new Chief Executive Officer (CEO)
  • He will be paid NZD$700,000 (A$637,400) along with long- and short-term performance incentives
  • The ERD board has been looking for a new CEO since late last year but had to reconsider the required skillset following the resignation of Steven Newman in April
  • The company says Mr Heine, who became interim CEO when Mr Newman left, was a “stand-out candidate” with an understanding of ERD’s strategy and team-building skills
  • Shares in EROAD last traded at $1.54 on June 20

Transportation services technology company EROAD (ERD) has appointed Mark Heine as Chief Executive Officer (CEO).

He will be paid NZD$700,000 (A$637,400) per annum along with long- and short-term performance incentives.

The ERD board has been looking for a new CEO since late last year but had to reconsider the required skillset following the resignation of Steven Newman in April.

Mr Heine was appointed Interim CEO when Mr Newman retired.

EROAD said Mr Heine was a “stand-out candidate” with an understanding of the company’s strategy and team-building skills.

Chairman Graham Stuart said Mr Heine’s experience would be valuable when merging with Coretex.

“As Acting Chief Executive Officer Mark, has empowered the team and won the respect of all,” Mr Stuart said.

“EROAD’s board has been impressed by Mark’s leadership and commercial skills, and since his appointment as interim Chief Executive Officer in early April, he has breathed fresh air into EROAD.”

Shares in EROAD last traded at $1.54 on June 20.

ERD by the numbers
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