Wednesday, 22 August 2018

Announcement

ADMIN: ERD: Graham Stuart joins EROAD board

21 Dec 2017 13:32NZX
21 December 2017 Auckland

EROAD announced today that Graham Stuart will join the board of the transport
technology and services company. He will also chair the Finance, Risk and
Audit Committee.

Mr Stuart is currently an Independent Director of Tower Insurance and
Chairman of its Audit Committee.

Mr Stuart has had extensive business experience in South East Asia, Europe,
the UK and Latin America and held chief executive and chief financial officer
roles in some of Australasia''s largest companies.

Mr Stuart was previously Chief Executive Officer of Sealord Group. Prior to
that Mr Stuart was Chief Financial Officer then Director of Strategy & Growth
at Fonterra.

EROAD chairman Michael Bushby said with the departure of Sean Keane from the
board in May this year, the company had been searching for an Auckland-based
independent director and was delighted Mr Stuart had accepted an invitation
to join the board.

"Graham''s track record leading some of New Zealand''s most successful
exporters will be invaluable as EROAD continues to take advantage of
opportunities for growth in Australia, New Zealand and North America," Mr
Bushby said.

EROAD chief executive Steven Newman said he looked forward to working with
Graham as a member of the board.

"Graham brings a wealth of international experience and strategic capability
to the board. As EROAD marks ten years in business, Graham''s experience in
scaling organisations for growth will be a real asset as we build on our
position at the centre of New Zealand''s transport services ecosystem, and
continue to expand across North America and Australia," Steven Newman said.

Mr Stuart will join the EROAD board as an Independent Director on 1 January
2018. The board has determined that Mr Stuart is an independent director for
the purposes of the NZX Listing Rules.

For further information contact:
Steven Newman
Chief Executive Officer
EROAD Limited
DDI: 09 927 4713
Email: steven.newman@eroad.co.nz

About EROAD
EROAD modernises road charging and tax compliance and health and safety
compliance for road transport by replacing paper-based systems with
easy-to-use electronic systems that also improve fleet management. The
company is headquartered in Auckland, New Zealand, and listed on the New
Zealand Exchange (NZX). Its US business is based in Portland, Oregon, serving
customers with vehicles operating in every US mainland state, growing outward
in concentration from the Northwest. In 2009 EROAD introduced the world''s
first nationwide electronic road user charging (eRUC) system in New Zealand
and, in 2017, more than 50% of heavy transport RUC is expected to be
collected electronically, representing a rapid transition to e-commerce on a
voluntary, industry-led basis, due to the cost- savings and benefits to
customers. EROAD is also a leading provider of health and safety compliance
services, including vehicle management and driver behaviour and performance
measures.
www.eroad.co.nz
ENDS
End CA:00312341 For:ERD    Type:ADMIN      Time:2017-12-21 13:32:26
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