Cloud software company Xero has put the word out to fill the newly-created role of New Zealand managing director. The successful candidate will help Xero seize opportunities in the corporate and banking sector and among government organisations, says CEO Rod Drury.
"We spend a lot of time working with banks and a lot of large New Zealand corporates now are looking at taking costs out of their supply chain," he says.
'Banking 2.0' is one of the key focuses as Xero continues to use New Zealand as a "test lab for product development", says Drury.
"It's an interesting market where we can really make things happen. There are some interesting things we can do in the New Zealand market that are being watched globally. We want to launch a whole lot of new products."
The new services will centre around online banking, business to government and payments, Xero says.
Drury is spending more time travelling internationally and says many of its leadership meetings are now held offshore. "We've got so many irons in the fire here and we need someone to really drive a lot of the partnerships in New Zealand," he says.
Xero has also grown to the point where it can justify a new full time role, says Drury. Its paying customers in New Zealand had grown to 73,000 by March this year, up from 47,000 last March.
The firm wants an MD in the chair by Christmas and hopes the person's tenure will last for five to 10 years, says Drury.
"We thought for this role it would be good to see who appears. We know lots of good people."
The managing director appointment will follow several others in Xero's senior management. It recently hired Jonathan Allan, the former vice president of demand generation for SAP, as the general manager of marketing; former Microsoft New Zealand chief technology officer Mark Rees as head of platform architecture; and general manager of operations David Wills, who relocated from the UK.