Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Xero taps ex-Microsoft CFO Liddell as chairman

Xero taps ex-Microsoft CFO Liddell as chairman, former PayPal exec Karpas to lead US unit

Feb. 12 (BusinessDesk) - Xero, the cloud-based accounting software developer, has appointed former Microsoft chief financial officer Chris Liddell as its new chairman and ex-PayPal executive Peter Karpas to lead its North American unit.

The Wellington-based company’s appointment of Liddell as chair is effective from today, with ex-KiwiBank chief Sam Knowles resigning as chair and director. US-based Bill Veghte, who runs HP’s enterprise group, has also been appointed to the Xero board.

Karpas has been appointed chief executive, North America effective from Feb. 24, having recently been PayPal’s general manager, North America for small and medium business. He has previously held a senor role at Intuit.

“As you would expect from a fast expanding software company, our strategy is to increase US representation on our board,” chief executive Rod Drury said in a statement. “These three high calibre appointments are all significant additions to our American-based leadership team and position us strongly in the US and globally.”

Xero is forgoing short-term profits as its chases one million customers worldwide, crossing the 200,000 mark at the end of last September, and raised $180 million last year, leaving it flush with funds to stake a claim in the US market.

The shares edged up 0.1 percent to $40.02 today, and have climbed 24 percent this year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Christchurch: New Lyttelton Cruise Ship Berth To Be Built

A new $56 million cruise ship berth will be built in Lyttelton with the plans released by the Lyttelton Port Company today. More>>

Constructions Builds: Consents Top $2 Billion For The First Time

Building consents reached a record $2 billion in March 2017, boosted by new homes and several big non-residential projects, Stats NZ said today. This was up 37 percent compared with March 2016. More>>

Other Stats:

Health: Work Underway To Address Antimicrobial Resistance

As part of a global response the Ministries of Health and Primary Industries have today jointly published ‘Antimicrobial Resistance: New Zealand’s current situation and identified areas for action’ to respond to the changing pattern of antimicrobial resistance in New Zealand. More>>

ALSO:

Employment: Vodafone Announces Family Violence Policy To Support Team

From today, any of Vodafone’s 3,000 workers affected by family violence will be eligible for a range of practical support, including up to 10 additional days of paid leave per year. More>>

Burning Up Over Saturn: Cassini's Grand Finale

With propellant running low, NASA scientists are concerned that the probe might accidentally crash into one of Saturn’s nearby moons, which could contaminate it with Earthling bacteria stuck to the spacecraft. Instead, the spacecraft will be safely "disposed" in Saturn's atmosphere. More>>

ALSO:

Our Fresh Water: Monitoring Report Confirms Serious Challenges For Rivers

• nitrogen levels are getting worse at 55 percent and getting better at 28 percent of monitored river sites across New Zealand • phosphorus levels are getting better at 42 percent and getting worse at 25 percent of monitored river sites across New Zealand More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news