Xero Appoints Susan Peterson as Independent Director
WELLINGTON, 22 February, 2017 - Xero Limited (NZX: XRO; ASX: XRO) announces
under NZX Listing Rule 10.6.1(d) that it has appointed New Zealand based
Susan Peterson, as an independent non-executive director, effective today.
Peterson is an experienced director on both ASX and NZX listed companies.
She is currently a director on listed companies Trustpower, Vista Group and
Property for Industry. Susan is also a director on The New Zealand Merino
Company. Susan is a member of the New Zealand Markets Disciplinary Tribunal -
the body charged with enforcing compliance with the NZX Listing Rules and a
past Ministerial Appointee to The National Advisory Council for the
Employment of Women. She has also been a long-serving member of the Board of
IHC.
Peterson established her career at ANZ Banking Group, serving in a number of
executive roles including General Manager of ANZ''s Direct Banking (where
among other things she led the development of the bank''s payment strategy),
General Counsel and Company Secretary and General Manager of ANZ''s Wealth
business.
Xero CEO and Founder Rod Drury says, "Susan brings a combination of senior
financial industry expertise and high growth tech company experience that
makes her a valuable addition to the Xero Board."
Peterson says, "I am excited to join the Xero Board. I''ve watched Xero
transform the accounting industry and grow an impressive number of customers
globally. I''m looking forward to working with Rod and the world class Xero
team to accelerate the company''s amazing global growth."
The Board has determined that Susan Peterson is an independent director in
accordance with NZX Listing Rules 3.3.2 and 3.3.3(b).
About Xero
Xero is beautiful, easy--to--use online accounting software for small
businesses and their advisors. The company has over 860,000 subscribers in
more than 180 countries. Xero seamlessly integrates with over 500 apps and
was ranked No. 1 by Forbes as the World''s Most Innovative Growth Company, No.
1 accounting solution in Australia by Canstar Blue and recently won New
Zealand Trade and Enterprise''s International Business Award for Leadership
Excellence.
Contact:
Alex Mercer
Head of Global Communications, Xero
Email alex.mercer@xero.com
Phone NZ +64 21 502 112 I US +1 206 397 6505
End CA:00297196 For:XRO Type:DIRECTOR Time:2017-02-22 09:34:46