Xero CFO Kirsty Godfrey-Billy to depart in March
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The news: Xero's chief financial officer Kirsty Godfrey-Billy will leave the accounting software provider on 31 March, 2025, after six years in the role.
The numbers: Godfrey-Billy joined Xero in 2016 as chief accounting officer, before being appointed CFO in 2018. Prior to Xero, she was a partner at PwC New Zealand from 2011 to 2016.
The context: Xero said it will undergo a global CFO search, after which Godfrey-Billy will be available to support a smooth transition.
What they said: "As CFO, and before that as chief accounting officer, Kirsty has helped to lead Xero's significant growth as a global business and our shift to more balance profitable growth," said Xero CEO Sukhinder Cassidy.
"She's been instrumental in reshaping our finance team to meet the growing demands of a global business and delivered improvements in financial reporting, business performance insights, and capital management, including delivering multiple convertible notes," she said.
Godfrey-Billy said: "Xero and our finance team are in a fantastic place, and for me, it's the right time next year to step down, take a break, and decide on my next career move".
"The business has grown so much in the time I've been here and I'm proud of the work I've led," she said.
"This includes supporting Sukhinder, my third Xero CEO, to transition into the business, introducing her to our investors, and helping to develop our FY25-27 year strategy."
The source: ASX announcement
