Menu
Two months into the role, Xero CFO walks away

Two months into the role, Xero CFO walks away

"The decision to leave is entirely based on my personal objectives and the timing is in no way a reflection of business or financial reporting concerns."

Xero has announced that Douglas Jeffries, who recently joined Xero’s global leadership team as Chief Financial Officer, will step down to pursue opportunities headquartered in the San Francisco Bay area.

“This was a very difficult decision given Xero’s momentum and business potential," says Jeffries, who joined the company two months ago.

"The decision to leave is entirely based on my personal objectives and the timing is in no way a reflection of business or financial reporting concerns.

"It has been especially pleasing over the past few months to see the US leadership team form and deliver improved results."

Following the sudden departure, Ross Jenkins will reassume the role of CFO at the company.

"His three-plus years experience in the CFO role, extending to as recently as two months ago, will ensure minimal impact on the business," adds Graham Shaw, Chair of Xero’s Audit and Risk Committee.

"We remain satisfied with the integrity of our financial reporting, systems, and leadership."

Xero has three former and current CFOs on its Board. Graham Shaw, Chair of Xero’s Audit and Risk Committee; Chris Liddell, Chairman of Xero’s Board, who was the CFO of Microsoft and GM, and is currently CFO of WME/IMG; and Graham Smith, who was CFO of Salesforce until 2014.

Xero says it has commenced a search for a Chief Financial Officer.


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Tags CFOxero

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments