Sharechat Logo

Stuart McLean moves to Trade Me as Xero ditches chief revenue role

Friday 19th December 2014

Text too small?

Stuart McLean will join the executive team at Trade Me Group, the online auction site, after Xero, the cloud based accounting firm, ditched his former role as chief revenue officer. 

The disestablishment of the chief revenue role comes after the Wellington based software firm appointed Andrew Lark, former Commonwealth Bank of Australia executive as chief marketing officer, it said in a statement. Earlier this year, Xero's North America chief executive Peter Karpas left the company suddenly, less than a year into the job, as the company reworked its US growth plans. 

McLean had worked with the company since May last year, having previously been Google's head of enterprise for Australia and New Zealand, according to his LinkedIn profile. McLean will join the Wellington based auction site in February, leading its general items marketplace. 

“We continue to shape our executive team and organisation to reflect the rapid growth of our business globally,” said Rod Drury, Xero's chief executive. “Stuart has done an outstanding job as CRO, where he was responsible for both sales and marketing, contributing positively to our growth to over $US100 million annualised revenue and over 400,000 customers. We are delighted Stuart will be able to contribute to another great NZ technology company.”

Shares of Xero last traded at $15.50 and have plunged some 66 percent from its March peak of $45.99 Trade Me stock last traded at $3.52 and has fallen 13 percent since the start of the year. 

 

 

 

 

BusinessDesk.co.nz

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Ross McEwan to take helm at NAB
KPMG says bank capital proposals will wreck havoc on dairy farmers
Mild weather saps Vector's June-qtr volumes
NZ dollar gains as dovish Fed comments point to 50-bps US cut
19th July 2019 Morning Report
RBNZ says no change in approach on Resolution Life's AMP purchase
MARKET CLOSE: NZX50 hits record as yield stocks remain in vogue
NZ dollar mixed after strong Australian employment data
Energy efficiency key to lowering cost of renewables push - EECA
Paper recycling costs rising 35% as export markets collapse

IRG See IRG research reports