I’m happy to let you recognize that at the moment we introduced the appointment of Sukhinder Singh Cassidy as Xero’s new CEO, on 1 February 2023. Sukhinder will succeed Steve Vamos who after serving nearly 5 years as CEO, is retiring from the function and plans to return to his earlier portfolio in enterprise teaching and management growth as an advisor, director and investor.
Sukhinder is an skilled Silicon Valley government, with greater than 25 years’ international management expertise, together with as President, Asia Pacific & Latin America at Google; President at StubHub; founding father of theBoardlist; founding father of Joyus, the place she was CEO; and co-founder of Yodlee. She has important private and non-private board expertise with a number of firms.
Sukhinder will begin at Xero on 28 November 2022. She’s going to work carefully with Steve to handle the CEO transition, with Steve remaining out there to advise by way of to the top of Could 2023.
As we proceed to concentrate on reaching our international ambitions, we’re delighted to nominate somebody of Sukhinder’s calibre as CEO to steer Xero by way of our subsequent section of progress. Sukhinder’s appointment follows a rigorous international recruitment course of the place we thought-about numerous distinctive candidates.
I wish to acknowledge Steve’s monumental contribution to Xero’s progress and growth as a world enterprise. Steve has overseen important enlargement of Xero and is a extremely revered chief.
Steve has led Xero from 1.four million to three.5 million subscribers; from $484.four million to $1.5 billion annualised month-to-month recurring income; and grown Xero’s complete subscriber lifetime worth (LTV) from $3.2 billion to $13 billion.Â
You may learn Xero’s ASX announcement about this appointment right here.
David Thodey
Xero Chair