EROAD has announced that board member Selwyn Pellett is stepping down due to “unforeseen personal family reasons”.
His resignation as a non-independent, non-executive director is effective immediately.
While Pellett had indicated an intention to retire as part of the board’s ongoing refresh, “recent circumstances have accelerated his decision”, the company says.
Pellett “remains committed” to the company as a shareholder and “supportive of the board and management”.
Pellett joined to board of the NZX- and ASX-listed transportation technology firm following its acquisition of Coretex in 2021, a telematics company which he led.
“Merging Coretex with EROAD was, and remains, a career highlight for me,” Pellett says.
“Combining the skills, experience, and innovation of two outstanding Kiwi companies to solve real customers’ challenges – with the scale needed to drive growth and better serve our customers – has been incredibly rewarding.
“This is what inspired me to continue as a director beyond the initial 12-month term.
“After 23 years on this journey, from founding a start-up to serving as a non-executive director, the time has come for me to step down – a decision brought forward by health issues within my immediate family.
“I remain committed to supporting EROAD and deeply grateful for the privilege of working alongside some of the brightest minds and most exceptional people in the industry,” he says.
Pellett has served on the board of EROAD in several capacities. He was a member of the Finance, Risk and Audit Committee, the Technology Committee and the Nominations Committee.
EROAD chair Susan Paterson says Pellett has made valuable contributions to the company.
“He brought a wealth of experience to the board, particularly in telematics, network security and supply chain.
“As a founder of Coretex, Selwyn has been instrumental in ensuring a smooth transition and successful integration between Coretex and EROAD.
“His deep understanding of both businesses has significantly contributed to the alignment of our strategic goals.
“The board and I thank Selwyn for his three years of service on the board,” Paterson says.
The board has engaged a director search firm to identify a suitable candidate to fill the position.
