‘One of NZ’s great entrepreneurs’: Xero's first result without Rod Drury

‘One of NZ’s great entrepreneurs’: Xero's first result without Rod Drury
Craigs' Stephen Ridgewell says Rod Drury's exit diminishes the company's links with NZ. (Image: Xero)
Rebecca Stevenson
It's felt like a long, slow goodbye to Xero co-founder Rod Drury. On the Australian securities exchange (ASX) in late August, his final director’s notice of shareholding was filed, marking the official end of Drury’s time as a member of the board of the company he co-founded with accountant Hamish Edwards. About five years prior, Drury stepped down as chief executive of the listed firm after more than a decade atop one of New Zealand’s biggest success stories. At the company’s annual general meeting ea...

More Markets

RBNZ cuts number of jobs by 20%
Finance

RBNZ cuts number of jobs by 20%

The Reserve Bank claims $11m of cost savings via Project Denby’s 20% job cuts.

Sky TV secures exclusive NZ broadcast rights for Olympic Games
Markets

Sky TV secures exclusive NZ broadcast rights for Olympic Games

Sky TV has secured exclusive New Zealand broadcast rights for the Olympic Games through to 2032.The agreement with the International Olympic Committee means Sky will televise the 2028 Summer Olympics in Los Angeles and 2032 in Brisbane, and the 2026 Winter Olympics in Milano Cort...

What Nvidia and Tower Insurance have in common
Markets

What Nvidia and Tower Insurance have in common

One is the global stock market darling, the other is an NZX star.

Fonterra’s $4.2b Mainland vote set for smooth finish
Primary Sector

Fonterra’s $4.2b Mainland vote set for smooth finish

It’s the second significant vote in the primary sector to be held in recent weeks.