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Accounting & Audit

Xero Announces New CEO

Cassidy will succeed Steve Vamos who is retiring and plans to return to his previous portfolio in business coaching and leadership development.

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Sukhinder Singh Cassidy has been appointed as the new CEO of Xero, starting February 1, 2023. Xero is a global small business platform with 3.5 million subscribers which includes a core accounting solution, payroll, workforce management, expenses and projects.

Cassidy 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.

Cassidy 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.

Sukhinder Singh Cassidy,
incoming CEO of Xero.

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.”

Cassidy will start at Xero on November 28, 2022. She will work closely with Vamos to manage the CEO transition, with Vamos remaining available to advise through to the end of May 2023.

“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,” Thodey added.

“Iʼm thrilled to be appointed as CEO, and appreciate the Xero boardʼs confidence in me,” Cassidy said. “What excites me about Xero is the people and culture of the company and the passion Xeroʼs partners and customers have for our product as well as the large Total Addressable Market opportunity.”

“I believe Xero is a critical business tool for small businesses and their advisors. There are huge opportunities in front of us and Iʼm committed to building on the businessʼ great momentum, in line with Xeroʼs values. Iʼm looking forward to meeting Xeroʼs people, partners, customers and shareholders around the world, and leading the business through its next stage.”