Xero recently announced that CFO Kirsty Godfrey-Billy has decided to depart Xero after nine years, including over six years as CFO. Xero will undergo a global CFO search, and Kirsty will step down as CFO on 31 March 2025 and be available as needed following that to support a smooth transition.
Xero CEO Sukhinder Singh Cassidy said: "I want to acknowledge Kirstyʼs enormous contribution over many years to Xero, our people, customers and shareholders. 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 balanced profitable growth. Sheʼs 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. Iʼm personally excited for Kirsty as she explores her next career chapter and on behalf of Xero, our customers and shareholders, I offer my profound gratitude for her impact on the company."
Kirsty Godfrey-Billy commented: "Xero and our finance team are in a fantastic place, and for me, itʼs 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 Iʼve been here and Iʼm proud of the work Iʼve led. 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. This past year has been especially satisfying including delivering on the Rule of 40 at our FY24 results, hosting our first Investor Day, and being awarded CFO of the Year at Deloitte Top 200 Awards."
Godfrey-Billy went on to say, "I truly believe Xero will continue to flourish with the clear strategy and strong leadership and team we have in place. Iʼm looking forward to delivering our half year results in November, and working through a smooth transition at the end of this financial year."