EROAD's Appointment of Dual-CEOs

EROAD Limited (ASX: $ERD) has announced the appointment of David Kenneson as dual-CEO alongside Mark Heine, as part of its global growth strategy. The move aims to accelerate growth in North America and strengthen its market position in Australasia. The dual-CEO model is expected to optimize the company's ability to navigate complexities, capitalize on opportunities, and deliver greater value to shareholders and customers.

Executive Commentary on Dual-CEO Appointment

Susan Paterson, EROAD Chair, highlighted that the dual-CEO model is a key enabler of the company's strategy to grow its international markets, especially in North America, and strengthen its core markets in Australasia. Mark Heine expressed satisfaction with the company's execution on the transformation strategy and emphasized the disciplined pathway towards being free cash flow positive this calendar year. He also stressed the importance of the dual-CEO model in accelerating growth and delivering more value to shareholders and customers. David Kenneson, the newly appointed dual-CEO, expressed his excitement about partnering with Mark and his deep appreciation for EROAD's growth potential and sustainability leadership.

Summary of EROAD's Dual-CEO Announcement

EROAD Limited (ASX: $ERD) has introduced a dual-CEO leadership structure with the appointment of David Kenneson to work alongside Mark Heine. The move is part of the company's strategy to accelerate growth in North America and strengthen its market position in Australasia. The dual-CEO model is expected to optimize the company's ability to navigate complexities, capitalize on opportunities, and deliver greater value to shareholders and customers. The company aims to guide EROAD through its next chapter of expansion and technological leadership in the global telematics market. Details of a virtual event for investors to meet the dual CEOs will be published in due course, reflecting the company's commitment to transparency and stakeholder engagement.