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
SYS-CON Events announced today that Niagara Networks 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. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, 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. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
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.
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
"We have several customers now running private clouds. They're not as large as they should be but it's getting there. The adoption challenge has been pretty simple. Look at the world today of virtualization vs cloud," stated Nara Rajagopalan, CEO of Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.