The Board of Xero Limited announces the appointment of Sukhinder Singh Cassidy as Xeroʼs new CEO, from 1 February 2023. Sukhinder will succeed Steve Vamos who, after serving almost five years as CEO, is retiring from the role and plans to return to his previous portfolio in business coaching and leadership development as an advisor, director and investor.
Sukhinder is an experienced Silicon Valley executive, with more than 25 yearsʼ global leadership experience, including as President, Asia Pacific & Latin America at Google; President at StubHub; founder of theBoardlist; founder of Joyus, where she was CEO; and co-founder of Yodlee. She has significant public and private board experience with multiple companies.
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Xero Chair David Thodey commented: “As Xero continues to focus on achieving our global ambitions, weʼre delighted to appoint someone of Sukhinderʼs calibre as CEO to lead Xero through our next phase of growth. Sukhinderʼs appointment follows a rigorous global recruitment process where we considered a number of exceptional candidates.”
Sukhinder will start at Xero on 28 November 2022. She will work closely with Steve to manage the CEO transition, with Steve remaining available to advise through to the end of May 2023.
Mr Thodey continued: “Sukhinder is a purpose-driven and human-centred leader who is passionate about supporting our customers and is committed to growing and nurturing Xeroʼs unique and vibrant culture.”
“Founded in New Zealand and ASX-listed, Xero has enormous opportunities to accelerate the adoption of cloud and digital technologies by accountants, bookkeepers and small businesses around the world. Sukhinder is based in Northern California and expects to spend considerable time in New Zealand, Australia and Xeroʼs other international markets.”
“We also want to acknowledge Steveʼs significant contribution to Xeroʼs growth and development as a global business. Steve has led Xero from 1.4 million to 3.5 million subscribers; from $484.4 million to $1.5 billion annualised monthly recurring revenue; and total subscriber lifetime value (LTV) from $3.2 billion to $13 billion.”