Xero director Anjali Joshi steps down from board

The news: Anjali Joshi is set to retire from her role as an independent non-executive director of Xero and will not stand for re-election at the board’s upcoming annual meeting on 27 August.

The context: Xero chairman David Thodey acknowledged Joshi’s contribution to the company over the past three years, crediting her with strengthening the board during a period of significant global growth.

What they said: “As Xero continues to grow globally, we are committed to further evolving the board’s capabilities to help Xero realise its significant long-term opportunity,” Thodey said.