EROAD Board Renewal Update

EROAD BOARD RENEWAL UPDATE
10 July 2023 - The Board of leading transport telematics company, EROAD, today
announced that as part of an ongoing board renewal outlined at the Company’s 2022
Annual Shareholders’ Meeting (ASM), current Non-Executive Director, Susan Paterson, will
become Chair of the Board effective from today.
The Company has also announced the appointment of David Green, who will join the
EROAD Board as an Independent Non-Executive Director with effect from 1 August 2023.
Susan Paterson replaces Graham Stuart, who has stepped down as Chair after five years in
the role. Mr Stuart will retire from the Board on an appropriate date after the 2023 ASM, to
ensure a smooth and orderly transition to EROAD’s new Chair.
Susan Paterson is a professional director with over twenty-five years of governance
experience, as well as senior executive and consulting experience with a number of
companies in New Zealand, the USA and Europe. Her current roles include Chair of Steel &
Tube Holdings Ltd, Theta Systems, and Evolution Healthcare, and the Board of the Reserve
Bank of New Zealand. Susan joined the EROAD Board as Chair of the Audit and Risk
committee in March 2019.
David Green is a seasoned board director and executive with more than thirty years of
experience in the banking and finance sector in New Zealand, Australia and Asia. He is
currently Chair of BT Funds Management (NZ) Ltd and MyFarm UF1 GP Ltd, on the Board
of Westpac New Zealand and other entities, and formerly held senior executive roles at
ANZ and Deutsche Bank.
EROAD Chair, Mr Stuart says: “It has been a privilege to serve as the EROAD Chair for the
last five years, which has more recently involved navigating the global pandemic, the
acquisition of Coretex, and the strategic refresh delivered earlier this year.
“Looking forward, and in the context of the Company’s new strategic direction, the timing
feels right given EROAD is firmly focused on a path to sustainable earnings growth and
becoming Free Cash Flow positive. I am particularly proud of the way that Mark Heine has
stepped into the CEO role and built an exceptional executive team, and of course to the
wider EROAD team who have been wonderful to work alongside.
“Susan is very well placed to lead the Board and ensure as a company we are doing
everything we can to deliver on our goals and optimise value for our shareholders. As part
of our ongoing process of ensuring we have the right skills across the Board, I am pleased
to welcome David Green, who brings excellent experience in governance, strategy and
change management.”
Incoming Chair, Susan Paterson, says: “EROAD’s purpose and value proposition for
customers and indeed society, has never been more relevant. The leadership of the new
team and the progress they are making has to be commended. They have moved at pace
and achieved a great deal in a relatively short time to integrate Coretex and enhance our
customer value offerings for all our longstanding and recently announced new customers.

“As the incoming Chair of EROAD, I look forward to engaging with our shareholders at the
Company’s upcoming Annual Shareholder Meeting.”
Details for shareholders to attend the 2023 ASM can be found in the recent Notice of
Meeting filed with the NZX on 28 June 2023.
ENDS
Authorised for release to the NZX and ASX by the Chair of the Board of Directors.
For investor enquiries please contact:
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mgregorowski@citadelmagnus.com /
+61 422 534 755
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Hugo Shanahan
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