Cloud software vendor Xero is replacing CEO Rod Drury. Steve Vamos will take over for the founder on April 1. Drury will continue to focus on innovation and strategy as a non-executive director, the New Zealand-based company announced.
Vamos’ position include tenures as CEO of Microsoft Australia & New Zealand and VP and managing director of Apple Computer Asia Pacific. Drury held his leadership post for 11 years.
The company said Vamos has worked with Xero’s executive team for 18 months to develop its management capability and operating model.
Xero recently announced it will build new office space that is 66-percent large than its current facility. However, despite its growth, Xero has failed in its goal to embark on an initial public offering in the United States. After it raised $150 million in funding in this country, Xero first predicted it would go public before March 31, 2015.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
