CNBC Changemakers

Sukhinder Singh Cassidy

Company: Xero Limited
Title: CEO
Industry: Technology

Standout achievement in 2025: Oversaw Xero's $2.5 billion acquisition of Melio, securing the company's place as a leading global small business platform.

Since taking the helm at Xero in 2022, Singh Cassidy has roughly doubled the global small business platform's market capitalization.

Xero provides small business tools, including accounting, payroll and payments to a customer base nearing five million globally across more than 180 countries, allowing customers to automate routine tasks and ease the administrative burden of accountants and bookkeepers. The company's AI agent, Just Ask Xero (JAX), includes a collaboration with OpenAI to enable more powerful web research capabilities.

In 2025, Singh Cassidy spearheaded a major acquisition targeting the U.S. small business market, with a $2.5 billion deal for Melio, a small business bill payment platform, closing in October. The deal is expected to significantly accelerate U.S. revenue growth.

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