Graham Smith retires from Xero (ASX:XRO) board

Company News

by Katrina Bullock

Cloud-based admin helper Xero (ASX:XRO) announced today that Graham Smith will retire from the board, stepping down as chair.

He notified the Board of his intention to retire from the Board earlier than anticipated due to the health of close family members and the impact of this on his capacity to travel to New Zealand for board meetings.

Current Xero independent non-executive director David Thodey has been appointed to succeed Graham as Chair of the Board effective 1 February 2020.

Based in Australia, David was previously CEO of Telstra, prior to that was CEO of IBM Australia and New Zealand.

Shares in Xero (ASX:XRO) are trading 0.51 per cent lower at $78.48.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.