Xero Ltd (ASX:XRO)

A$ 140.42 -0.04 (-0.03%) Market Cap: 21.44 Bil Enterprise Value: 21.15 Bil PE Ratio: 134.37 PB Ratio: 16.74 GF Score: 88/100

Half Year 2023 Xero Ltd Earnings Call Transcript

Nov 09, 2022 / 11:30PM GMT

Release Date Price: A$72.62 (+0.57%)

Transcript

David Ingle Thodey

Xero Limited - Independent Non-Executive Chairman

Well, good morning, and thank you for joining Xero's investor briefing today. I'm David Thodey, Xero's Chair. I don't get to cover the many of these meetings, so I'm delighted to be here in Sydney with the whole Xero team.

In a moment, I'm going to hand over to Steve and Kirsty for an update on Xero's half first half year results for '23. But before I do that, I want to comment on the announcement we made today that the Board has appointed Sukhinder Singh Cassidy as our new CEO from the 1st of February 2023, and we're very excited about this appointment. Sukhinder will succeed Steve, who, after serving close to 5 years as CEO, has decided to retire from this role and plans to return to his previous portfolio in business coaching and leadership development as an adviser, director and investor, which I'm sure he will continue to do incredibly well.

So on behalf of the Board, I really am delighted to appoint someone of Sukhinder's caliber as CEO to really lead Xero through this next phase of growth. And I really stress

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