News Feed Item

Xero Appoints US CEO, Board Chairman and Director as It Continues Rapid Growth

Company Further Invests in US Growth With New Executive Talent From General Motors, HP, PayPal and Intuit

SAN FRANCISCO, CA -- (Marketwired) -- 02/11/14 -- Xero, the global leader in online accounting software, today announced the expansion of its US executive team and Board of Directors with the appointment of Peter Karpas as Chief Executive Officer in North America, Chris Liddell as Chairman of the Board and Bill Veghte as a Director of the Board. These appointments come on the heels of rapid company growth, adding distinguished leadership with executive experience from S&P and Fortune 500 companies that include HP, PayPal, Microsoft, General Motors and Intuit.

"As you would expect from a fast expanding software company, our strategy is to increase US representation on our board," said Rod Drury, CEO, Xero. "These three high caliber 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."

Xero has quickly become the go-to small business backend system. With a strong open API partner ecosystem in the cloud, Xero gives small businesses the recipe for success by allowing the integration of critical business tools needed to not only succeed, but thrive. Xero's mission is to empower small businesses with a real time, easy-to-use and intuitive financial system that leads to smart financial decisions and overall business success.

Peter Karpas, CEO, Xero North America

Peter Karpas has been named Xero's CEO, North America. Karpas joins Xero from his recent position at PayPal, where he was the Vice President and General Manager, North America for Small and Medium Business. Karpas has also held a number of senior roles at Intuit, including Chief Marketing & Chief Product Management Officer and Senior Vice President.

Karpas' proven leadership and comprehensive familiarity with the B2B market in North America in both accounting and payments will help drive company growth in the US, where there are more than 29 million small businesses.

"The small business market is a massive opportunity and one that I am tremendously passionate about. Hard working business owners across the US contribute to more than half of our nation's GDP, and Xero is driven to help these businesses prosper," said Karpas. "I'm beyond thrilled to work with US President Jamie Sutherland and the team, as I've been a huge fan of Xero's cloud platform for several years and am impressed with its progress and customer centric approach. I believe we can be the No. 1 solution for small businesses in America and we're building the best team to make that happen."

Karpas' appointment will be effective as of February 24, 2014.

Chris Liddell, Chairman of Xero

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

Liddell most recently worked with General Motors (GM) where he held the Vice Chairman and CFO roles during his tenure. While at GM, he led the company's global finance operations and $23 billion IPO November 2010.

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

Bill Veghte, Board Director of Xero

Bill Veghte is based in San Francisco and has been appointed to the board as Director of Xero. Currently, Veghte runs Hewlett Packard's (HP) 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 $28 billion annual revenue business that includes server, storage, networking, technology services and cloud solutions. Prior to HP, Veghte spent nine years at Microsoft where he was the Corporate and then Senior Vice President for Windows Server.

About Xero
Xero is 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. Recently Xero garnered a five-star review for Software As Service from CPA Practice Advisor. The Xero US team is headquartered in San Francisco. Xero is hosted with Rackspace in Chicago.

To gain insight on how to grow your small business, visit Xero's Small Business Guides.

Add to Digg Bookmark with del.icio.us Add to Newsvine

President, Xero US
Jamie Sutherland
(415) 806-1107
Email Contact

Media Contact:
Bill Bode
Highwire PR
O: (415) 963-4174, ext. 49
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU’s GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes.
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captu...
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.