Craig Winkler to depart Xero's board

Fri, 09 Jul 2021

Craig Winkler, who founded the accounting software provider MYOB, is stepping down from Xero's board after 12 years, the company said.Winkler's decision in 2012 to buy a 20% stake in Xero after selling out of his old business was a major milestone in Xero gaining credibility.At that time, MYOB had only just started to realise Xero's online subscription-based business posed a huge threat to its then-desktop software-based business.Xero's annual report showed Winkler's charitable trust still owned nearly 6.7 million Xero share...

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