Xero appoints Microsoft man

Xero (NZX:XRO) has hired Microsoft executive Gary Turner as managing director for the United Kingdom, which accounts for about 40% of its customer base and includes relationships with British Telecom and HSBC.

The Wellington-based company, whose shareholders include MYOB founder Craig Winkler and cashed-up TradeMe founder Sam Morgan, reached a reseller agreement with BT in May, allowing the telecommunications company's 1.7 million small business customers to access Xero's service starting this month.

Also in May, Xero started a feed relationship with HSBC, with the lender's customers able to have their bank statements imported into Xero's accounting software. It already takes such feeds from most banks in Australia and New Zealand.

Shares of Xero last traded at $1.35 on July 6 and has jumped 59% in the past six months.

Turner will take over in the UK from Xero co-founder Hamish Edwards, who is returning to a role in New Zealand.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to NetProphet go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Email Updates Sign up now

RSS Feeds View the list

Twitter Read our tweets