Transport and telematics technology services company EROAD has announced the appointment of David Kenneson to work alongside Mark Heine as dual-CEO, as part of the next phase of its global growth strategy.

EROAD Chair, Susan Paterson, said the move is a key enabler of the EROAD strategy to grow its international markets, especially in North America. as well as strengthen its core markets in Australasia.

“While not especially common in New Zealand and Australia, the dual-CEO model has performed exceptionally well in other markets, particularly when the two CEOs are complementary and have clear roles and accountabilities,” Paterson said.

Kenneson will be based in the United States and Heine will be based in New Zealand, however both roles are global in nature.

Mark Heine said, “I’m pleased with the execution to date on the EROAD transformation strategy, as evidenced in our recent HY2024 results showing strong growth together with a disciplined pathway towards being free cash flow positive this calendar year.

“However, to accelerate our growth in North America and to continue to build on our strong market position in the New Zealand market, we have decided that dual CEO leadership will allow us to deliver more value to shareholders and customers by giving each market the full attention they deserve.

“The dual CEO model will optimise our ability to navigate complexities, capitalise on opportunities, and ultimately deliver greater value to shareholders.”

David Kenneson added, “I was honoured when approached with the idea of partnering with Mark as a dual-CEO. I have been working with EROAD in a consulting capacity and I have a deep appreciation for the growth potential of the business and its product and sustainability leadership.

“Over my many years working in North America, Europe and Asia I have established a track record of driving substantial P&L performance, executing robust growth strategies, and leading through complex business transformations and I am excited to continue this at EROAD.”