When Sukhinder Singh Cassidy was announced as former CEO Steve Vamos’ successor in November, as the company’s announced its first-half earnings, investors responded by wiping $1 billion off its market capitalisation in a day.
Xero’s new chief executive may be a San Francisco local, but the serial entrepreneur and former Google president says the market was wrong to interpret her appointment as a doubling-down on expansion in the challenged region.
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