Xero shakes up board with key appointments

Xero appoint three new directors to company globally

Accounting software company Xero has made a raft of management changes appointing three new directors to the company.

The company has appointed Sydney-based Lee Hatton as an independent non-executive director, while New Zealand managing director Victoria Crone and North America chief executive, Peter Karpas, will also take up director duties.

Hatton is general manager, regulatory strategy and affairs at National Australia Bank, and an executive director at BNZ Investment Services Limited.

A well-rounded banking executive, Hatton has held senior positions across marketing, risk, payments and strategy and led large client teams across retail, agriculture, and business banking in the US.

Xero chief executive and founder Rod Drury said the company had been searching for an additional director in its largest market, Australia, who understood the innovation occurring in banking and payments.

"Lee is an impressive global executive and I’m confident she will make a strong contribution to the Board.”

Hatton said she had watched Xero closely since its IPO and had been incredibly impressed by its vision and ability to deliver.

"Xero is having a significant impact in the banking sector and I’m excited to get involved with its world class team.”

Peter Karpas, who began his role as Xero CEO North America in February 2014, has been also appointed as an additional director of Xero Limited’s US operating subsidiary (Xero, Inc.). Karpas joins Rod Drury as director of Xero, Inc.

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Victoria Crone, who commenced her role as Xero New Zealand Managing Director this week, has been appointed as a director of Xero Limited’s New Zealand operating subsidiary (Xero (NZ) Limited).

Crone will replace Graham Shaw as director of Xero (NZ) Limited, and joins Rod Drury as director of Xero (NZ) Limited. Shaw remains a director of Xero Limited.

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Tags executive directorLee HattonxeroBNZ Investment Services Limitedgraham shawXero chief executive and founder Rod Druryvictoria cronePeter Karpasregulatory strategy and affairs at National Australia Bank

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