Xero restructures company for US growth

Company News

by Jessica Ellerm


Xero Limited (ASX:XRO) has announced changes to its organisational structure as it chases a target of $1 billion in operating revenues and US growth.

Ex-Capital One executive Kerri Gohman has been appointed to lead Xero’s growth in the Americas, replacing Russ Fujioka.

Xero’s head office will be based out of Denver, supporting the company’s regional offices in San Francisco, New York, Austin and Seattle.

Xero’s Chief Marketing Officer Andy Lark is also moving on, with his position of Chief Marketing and Revenue Officer being replaced by that of Chief Marketing Officer only.

Xero Limited reported a net loss of $74.3 million at 31 March 2016.

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