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Xero said it's appointed Kirsty Godfrey-Billy as its new chief financial officer, replacing Sankar Narayan who is set to leave the latest executive reshuffle for the Wellington-based accounting software developer.
It's a time of change for Xero Steve Vamos, the founder of Microsoft Australia and New Zealand head Steve Vamos, and it de-listed from the NZX to take up a listing of the ASX.
The ASX -listed shares climbed 1.2 percent to close at $ 45.53 on Monday, bringing its gain for the past year to 85 percent. This compares with a 16 percent increase for Australia's benchmark S & P / ASX 200 Index over the same period.
Narayan, currently being the chief operating officer and financial officer, will join the company in the beginning of this year. continuing opportunities, "Xero said in a statement. Godfrey-Billy, currently Xero's chief accounting officer, will take over as CFO from Oct. 1, and work closely with Narayan to ensure a smooth transition, the company said.
Godfrey-Billy has been with Xero since 2016, working alongside Narayan to lead the global financial operations team and drive Xero's financial reporting, planning and budgeting processes, the company said.
Narayan "joined Xero at an important phase in "CEO Steve Vamos said in the statement
Godfrey-Billy" has played an important role in Xero's "according to Vamos."
In May, Xero reported adding its first positive operating earnings to gross margins and continued subscriber growth for the year ended March 31, and appears on track for profitability.
Among analysts polled by Reuters, two rates 'buy,' while two rates it 'outperform,' seven offers a 'hold' recommendation, and one rates it 'underperform.'
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