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Xero adds new Australian Director

10 April 2014

Xero adds new Australian Director

Xero Limited (XRO) announces that it has further strengthened its Board of Directors with the appointment of Sydney based Lee Hatton as an independent non-executive director, effective today.

Hatton is General Manager, Regulatory Strategy and Affairs at National Australia Bank, and an Executive Director at BNZ Investment Services Limited. With over 17 years in the industry, Hatton has an extensive breadth of international banking and finance experience. A well-rounded banking executive, Hatton has held senior positions across marketing, risk, payments and strategy and led large client teams across retail, agriculture, and business banking in the USA.

Xero CEO and Founder Rod Drury says, “We have been searching for an additional Director in our largest market, Australia, who understands the innovation occurring in banking and payments. Lee is an impressive global executive and I’m confident she will make a strong contribution to the Board.”

Lee Hatton said “I’ve watched Xero closely since its IPO and have been incredibly impressed by its vision and ability to deliver. Xero is having a significant impact in the banking sector and I’m excited to get involved with its world class team.”

Director appointments - operating subsidiaries:
Peter Karpas, who began his role as Xero CEO North America in February 2014, has been appointed today as an additional director of Xero Limited’s US operating subsidiary (Xero, Inc.). Karpas joins Rod Drury as director of Xero, Inc.

Victoria Crone, who commenced her role as Xero New Zealand Managing Director this week, has been appointed as a director of Xero Limited’s New Zealand operating subsidiary (Xero (NZ) Limited). Crone will replace Graham Shaw as director of Xero (NZ) Limited, and joins Rod Drury as director of Xero (NZ) Limited. Shaw remains a director of Xero Limited.

About Xero
Xero provides beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 280,000 paying customers in more than 100 countries around the world and is listed on the NZX and ASX.

See www.xero.com

ENDS

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