Xero shares drop 5.3% as US boss Peter Karpas quits

Thu, 11 Sep 2014

By Suze Metherell Sept. 12 (BusinessDesk) - Peter Karpas, Xero's North America chief executive, quit just six months after joining, as the cloud-based accounting software company reassesses its US growth plans, said chief executive Rod Drury. The shares fell. Karpas, former PayPal vice president and general manager of North America small and medium business, joined Xero as its North American head in late February this year. The Wellington-based company wants a million customers, and is targeting growth in the US market where it sees the p...

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