Cloud-based accounting solution provider Xero's recent expansion of its U.S. executive team is an indication of its deepening commitment to the North American market, according to incoming CEO Peter Karpas -- and that it's no longer as much of an underdog.
Karpas was appointed last week, along with new U.S. board chair Chris Liddell and director Bill Veghte (see "Xero Appoints New CEO, Board Leaders"). In an exclusive interview, he said, "What does this mean from the standpoint of the other competitors in the market? What we're saying here is, when you get the kind of people on the board that we've got, like Chris and Bill, it's no longer David versus Goliath. David's grown up, and we're in the big leagues now."
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