EROAD (ASX:ERD, NZE:ERD) said that Chief Executive Mark Heine has advised the board of his decision to resign and will step down from the role in June, according to a Thursday filing with the Australian and New Zealand bourses.
The board will initiate a recruitment process to appoint a new CEO, the filing added.
The company's shares on the New Zealand bourse fell 3% in recent Thursday trade.
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