Rod Drury to Become NZX Director

NZX Communications
Wednesday, 18 Nov 2009
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Xero CEO and successful technology entrepreneur Rod Drury is to become a Director of NZX, effective today.

A passionate business person with a clear vision for New Zealand's entrepreneurial future, Drury is distinctive for his ability to turn technology ideas into thriving companies, recognised internationally for their excellence and ongoing growth potential.

NZX Chairman Andrew Harmos said, "NZX's current businesses, and its future capabilities, are founded on a unique combination of strategy and people, technology and determined loyalty toward a successful New Zealand. Rod's credentials reflect all of these.

"Rod shares the same vision of success for New Zealand business on a global scale, and we're confident that NZX, and the companies in our markets, will benefit from his insight and energy."

Rod Drury said, "Listing on NZX - our national stock exchange - should be an aspiration of all New Zealand business owners. Our businesses need the capital to grow, and create attractive investment opportunities for other New Zealanders to be part of that growth.

NZX CEO Mark Weldon said, "Rod's belief in what Kiwi companies can achieve is evidenced in the success of his own businesses - AfterMail and Xero - Xero having been strongly supported by the market, and having grown rapidly since listing with NZX in 2007.

"Technology is the great 21st century enabler for businesses in all sectors, regardless of their scale, and for timely and transparent access to markets here and around the world. This is the right time for NZX to add a technology expert and entrepreneur to its board and we're excited by the possibilities of what we can achieve."

Drury's first official role as an NZX Director will be to address the final 2009 Global Entrepreneurship Week event at the NZX Centre on 20 November.

ENDS

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