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

 


Xero: New Board Chairman, Director and CEO for North America

Xero appoints Board Chairman, Director and CEO for North America

12 February, 2014

Xero Limited (XRO) has bolstered its Board and US management team with the appointment of a new Board Chairman, adding a further US based Director and establishing a new role of CEO, North America following its $US150 million capital raise in October 2013.

Chris Liddell takes on the role as Board Chairman, Bill Veghte has been appointed as a Director and Peter Karpas will lead the US team as CEO, North America.

Xero CEO and Founder Rod Drury says, “As you would expect from a fast expanding software company, our strategy is to increase US representation on our board. These three high calibre appointments are all significant additions to our American-based leadership team and position us strongly in the US and globally. Adding their combined experience and capabilities will help us become the global leader in small business financial software.”

Chris Liddell as Chairman of Xero Limited

New York based Chris Liddell has been appointed as independent Chairman of the Board of Xero Limited, replacing Sam Knowles who has resigned as Director and Chairman of Xero Limited effective today.

Liddell most recently worked with General Motors where he held the Vice Chairman and CFO roles since joining the organisation in January 2010. He led the company’s global finance operations and its US$23 billion IPO in November 2010.

Prior to General Motors, Liddell held the Senior Vice President and CFO roles at Microsoft between 2005 to 2009, served as CFO of International Paper from 2003 - 2005 and held the CFO role at Carter Holt Harvey from 1995 to 1998 before becoming CEO in 1999.

Departing Chairman of the board Sam Knowles sees Xero’s move to a US-based Chairman as the next logical move for Xero’s transition to a global business.

Xero CEO Rod Drury says, “Sam has helped guide us through a period of rapid global expansion to over 600 people operating across four countries. His experience ensured we put in place the right foundations, systems and processes that enabled us to scale, while retaining our nimbleness and culture. We thank him for his enormous contribution and leadership.”

Bill Veghte appointed Director, based in the US

Based in San Francisco, Bill Veghte has been appointed an independent non-executive Director of Xero Limited. Bill runs HP’s Enterprise Group where he is Executive Vice President and General Manager. In his role, he is responsible for the development and delivery of IT infrastructure solutions and the direction, management, and delivery of HP’s cloud efforts.

HP’s Enterprise Group is a US$28 billion annual revenue business that includes server, storage, networking, technology services, and cloud solutions.

Prior to HP, Veghte spent nearly 20 years at Microsoft where he held roles such as Corporate Vice President for Windows Server, then Corporate Vice President, North America before acting in the role of Senior Vice President until May 2010.

Peter Karpas appointed to new role of CEO, North America

Peter Karpas will assume the new role of CEO, North America. Peter joins Xero from PayPal where he recently held the position of Vice President and General Manager, North America for Small & Medium Business. Karpas has also held a number of senior roles at Intuit, including Chief Marketing and Product Management Officer and Senior Vice President.

Xero CEO Rod Drury comments “We are thrilled to have Peter join our team and lead our US business. His proven leadership, comprehensive familiarity with the B2B market in North America in both accounting and payments will help our drive for growth in the USA where there are over 29 million small businesses.”

Peter’s appointment will be effective as of 24 February, 2014.

About Xero
Xero provides beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 200,000 paying customers in more than 100 countries around the world and is listed on the NZX and ASX.

See http://www.xero.com

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Finance: Major Campaign To End "Gross Overtaxation Of Savings"

The campaign – which includes a special web site through which New Zealanders can e-mail their own and other MPs and party leaders – is backed by Age Concern, Consumer NZ, the Financial Services Council and the Taxpayers’ Union. More>>

ALSO:

Scoop Business: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news