5 mins to read Eroad ex-CEO Newman backs chair but thinks board change warranted The circa-4% shareholder opens up about the stress behind his abrupt resignation in 2022 and the stunted integration of Coretex. Former Eroad CEO Steven Newman. Tue, 09 Jun 2026 © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Former Eroad CEO Steven Newman has thrown his support behind the company’s current executive chair John Scott in the face of a
challenge from US investor Ampfield Management, but believes some board changes are warranted. Newman, who has been selling down his shareholding in recent years but Want to read more? It’s easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385+GST / monthly $38.5 per user – Pay by monthly credit card debit Premium
Group Membership 20 Users NZ$660+GST / monthly $33 per user – Pay by monthly credit card debit Premium Group Membership 50 Users NZ$1375+GST / monthly $27.5 per user – Pay by monthly credit card debit Premium Group Membership 100 Users NZ$2100+GST / monthly $21 per user – Pay by monthly credit card debit Yearly Premium Online Subscription + NBR Marketplace NZ$999.00 / yearly Individual Group membership NBR Marketplace Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499). View terms
and conditions. Tue, 09 Jun 2026 Contact the Writer: william@nbr.co.nz News tip? Question? Typo? Let us know: editor@nbr.co.nz © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Transportation Steven Newman John Scott shareholder activism Ampfield Management Free News Alerts Sign up to get the latest stories and insights delivered to your inbox – free, every day. Company profile Powered by: Previous Close Avg Daily Volume Daily High 52 Week High 52 Week Low Related
News Investment Ex-Eroad exec weighs in on Ampfield campaign as chair fights back Investment Eroad misses guidance but chair upbeat on transformation progress Investment Eroad CEO Mark Heine resigns, to depart in June Investment Eroad’s sales grow but blames tariffs for North American struggle Investment New Eroad chair surprised at value drop as company chases eRUC
Eroad, Steven Newman, John Scott, Ampfield Management, shareholder activism, Coretex, board change, executive chair, resignation 2022