Lightspeed Commerce founder Dax Dasilva replaces CEO Jean Paul Chauvet on an interim basis, following a 30% stock drop; CPO Ryan Tabone departs, succeeded by John Shaprio.

Lightspeed Commerce Inc. has announced that founder Dax Dasilva is replacing CEO Jean Paul Chauvet with an interim basis. This decision comes after a 30% drop in the company's stock value over the past year. The change in leadership also includes the departure of chief product and technology officer Ryan Tabone, who will be replaced by John Shaprio, senior vice president of retail technology. Lightspeed, a Canadian technology firm, hopes these changes will help improve its financial performance and focus on growing revenues through greater investments in sales efforts and targeting larger clients.

February 15, 2024
8 Articles