XRO
29/01/2015 14:39
OFFICE
NOT PRICE SENSITIVE
REL: 1439 HRS Xero Limited
OFFICE: XRO: Xero Appoints Douglas Jeffries as CFO
XERO LIMITED (XRO)
MARKET RELEASE
29 January 2015
XERO APPOINTS DOUGLAS JEFFRIES AS CFO
Expands Leadership Team to Address Global Growth
Xero Limited (XRO), today announced Douglas Jeffries as its Executive Vice
President and Chief Financial Officer (CFO). Ross Jenkins, Xero's current
CFO, will assume a new role as Xero's Chief Operating Officer responsible for
all field operations. The expansion of Xero's leadership team reflects the
company's strong growth in all markets. More than 400,000 businesses and
their advisors use Xero's beautiful accounting software in over 180
countries.
Jeffries brings 30 years of financial, strategic and operational leadership
at growth companies and category leaders such as RetailMeNot (NASDAQ: SALE),
Taleo Corporation (acquired by Oracle), Palm Inc (acquired by HP), and Ebay
Inc. He will be responsible for all of Xero's financial and administrative
functions. Doug will be based out of San Francisco and report to Xero's
Chief Executive Officer, Rod Drury. He will take up his new position by
March 2015.
In addition, Xero announced Greg Volm - previously Senior Director of North
America Sales for Zendesk - as Vice President of US Sales; and Matt Jefferson
as UK Sales Director.
Comments on the News:
- "I'm excited to be joining a company so focused on delivering a compelling
user experience through product innovation, and in turn driving incredible
growth", said Jeffries. "Xero is poised to become the platform millions of
small businesses and their advisors run and grow on around the world."
- "Xero's leadership and potential are evidenced by the talent we are
attracting," said Rod Drury, Chief Executive Officer, Xero Ltd. "Doug brings
a world class technology finance background to ready us for more growth and
strengthen our leadership in North America. Ross' ability to now focus on
scaling our field operations to address the incredible market opportunity is
perfectly timed. Greg and Matt offer us years of experience in successful
sales execution. I couldn't be happier with this next iteration of our
organization and its leadership", said Drury.
# ENDS
For more information contact:
Rod Drury
Xero CEO
+64 27 6000 007
[email protected]
Andy Lark
Xero CMO
+64 428 240 352
[email protected]
About Xero
Xero is beautiful, easy to use online accounting software for small
businesses and their advisors. The Company has over 400,000 paying customers
in more than 180 countries around the world and over 1,100 employees. Xero is
listed on the NZX and ASX. See www.xero.com
End CA:00260133 For:XRO Type:OFFICE Time:2015-01-29 14:39:35
