Business
Shopify Announces Leadership Changes
Kaz Nejatian Promoted to Chief Operating Officer Succeeding Toby Shannan, Who Will Transition to Special Advisor and Board Member Jeff Hoffmeister Appointed
About this update from Shopify Inc.
[{"type":"text","content":"Kaz Nejatian Promoted to Chief Operating Officer Succeeding Toby Shannan, Who Will Transition to Special Advisor and Board Member\nJeff Hoffmeister Appointed Chief Financial Officer Succeeding Amy Shapero, Who Will Step Down Following Third Quarter Earnings Report\nInternet, Everywhere--(Newsfile Corp. - September 8, 2022) - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, today announced the following leadership changes:\n\nKaz Nejatian, Vice President of Product, has been promoted to Chief Operating Officer, effective immediately. Nejatian succeeds Toby Shannan, who is retiring from his role at the company and is expected to join Shopify's Board of Directors, effective January 1, 2023. Shannan will serve as a special advisor through the end of the year. Nejatian will remain VP of Product while undertaking his new role.\n\nJeff Hoffmeister, CPA, has been appointed Chief Financial Officer. He succeeds Amy Shapero, who is stepping down following the company's third quarter 2022 earnings announcement on October 27, 2022. Hoffmeister will join Shopify from Morgan Stanley, where he spent over two decades in its Technology Investment Banking group.\n\n\"Kaz is the right person to succeed Toby Shannan in the Chief Operating Officer role,\" said Tobi Lütke, Founder & CEO of Shopify. \"Kaz is an innovative and strategic product leader who knows first hand what it means to make commerce better for everyone, which positions him ideally for this role. I would also like to thank Toby for his invaluable leadership and commitment to Shopify over the last decade. We look forward to continuing to benefit from his guidance as he transitions into his new role of special advisor and then Board member in 2023.\"\nLütke continued, \"As we position Shopify for the future, the addition of Jeff to our leadership team will continue to strengthen our ability to deliver value for our merchants, partners and investors. We are fortunate to benefit from his more than 20 years of investment banking experience in the technology sector, and his keen vision of the future of the industry.\"\n\"On behalf of everyone at Shopify, I want to thank Amy for her significant contributions to our company. Over the past five years, Amy has been an important partner in helping to advance our strategy. Her financial expertise, stea...