Welcome!

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

Contact:
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
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.