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|Born||1966 (age 53–54)|
Wellington, New Zealand
|Known for||founding Xero|
|Net worth||$1 Billion (2019)|
Rodney Kenneth Drury (born 1966) is a New Zealand technology entrepreneur. He is the founder and former CEO of the online accounting software company Xero. He also is a former director of Trade Me, and was involved in the now-defunct Pacific Fibre project.
Drury is the son of a tradesman and an executive assistant and claims he was raised in a middle-class family. He grew up in Hawke's Bay, where his father claims to have traced a lineage to Ngāi Tahu.
Drury attended Napier Boys' High School, which is where he says he developed an interest in computer programming before going on to study commerce and administration at Victoria University of Wellington. After university, he worked at the accounting firm Arthur Young, which became Ernst & Young in 1989.
In 1995, Drury established Glazier Systems, a New Zealand software development and consulting company. Glazier Systems was acquired by Advantage Group in 1999 for approximately $7.5 million. Drury subsequently co-founded Context Connect and then founded and served as CEO of AfterMail which was acquired by Quest Software (subsequently acquired by Francisco Partners and Elliott Management Corporation).
Drury co-founded Pacific Fibre, a company which attempted to build an internet cable between Australia, New Zealand, and the United States. The cable would have cost around $400 million but the venture was ultimately unsuccessful.
In November 2017, he sold $95 million worth of shares in Xero, leaving him with a 13 per cent holding in the company. He stated the sale would support his "future plans to pursue a range of philanthropic and social endeavours." He stepped down as CEO of Xero in March 2018, continuing on with the company as a non-executive director.
In August 2008 Drury was conferred the title of Honorary Fellow of the New Zealand Computer Society (HFNZCS) during the 2008 NZ Computerworld Excellence Awards. He is only the 21st person to be awarded the title in the Society's 48-year history.
In 2012, Drury was awarded NZ Herald Business Leader of the Year.
In 2014, Drury was honoured with an award for the Outstanding Contribution to Technology in NZ at the CIO Awards 2014.
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- Rod Drury stands down as CEO of Xero, replaced by Aussie
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- "Local lifestyle, global dominion for Bay's hi-tech ambassador". www.baybuzz.co.nz. Retrieved 4 January 2016.
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