MONTRÉAL, Oct. 21,
2022 /PRNewswire/ - Lightspeed Commerce Inc. (NYSE:
LSPD) (TSX: LSPD), the one-stop commerce platform for merchants
around the world to simplify, scale, and create exceptional
customer experiences, today announced the promotion of JD St-Martin
to the role of President.
In this role, St-Martin will
expand beyond his responsibilities as Chief Revenue Officer, now
directly accountable for the strategic direction and overall
performance for all of Lightspeed's verticals.
"JD has been an incredible leader at Lightspeed since he joined
us more than three years ago and an instrumental player in driving
our growth at a critical time," said JP Chauvet, CEO, Lightspeed.
"These changes will help to further streamline our executive team,
placing the accountability for the performance of each vertical
with the same individual who is responsible for our go-to-market
and customer success. I look forward to continuing to partner with
JD in this expanded role as we hone our focus on profitable growth
across our key industries."
"The role Lightspeed plays in the success of customers in retail
and hospitality has never been more critical," said St-Martin. "As retailers and restaurateurs
navigate staffing shortages, supply chain delays and inflation,
technology will help them find new efficiencies and insights into
their business to navigate these uncertain times. Business owners
must recognize that now is the time to innovate and embrace change.
It is a privilege to help our customers navigate and thrive,
whatever the situation they are facing."
St-Martin joined Lightspeed in
May 2019 through the acquisition of
Chronogolf, a SaaS company he co-founded in 2013, and in
July 2020 he became Lightspeed's
Senior Vice President of Global Sales. Prior to founding
Chronogolf, St-Martin worked in
venture capital and private equity at Teralys Capital in
Montreal and GE Equity in
London, UK.
Michael DeSimone, Lightspeed's
Chief Business Officer, will be departing at the end of 2022.
DeSimone joined Lightspeed via acquisition in 2020 as the CEO of
ShopKeep and led the successful integration of several Lightspeed
acquired companies during his tenure with the company.
About Lightspeed
Powering the businesses that are the backbone of the global
economy, Lightspeed's one-stop commerce platform helps merchants
innovate to simplify, scale and provide exceptional customer
experiences. Our cloud commerce solution transforms and unifies
online and physical operations, multichannel sales, expansion to
new locations, global payments, financial solutions and connection
to supplier networks.
Founded in Montréal, Canada in
2005, Lightspeed is dual-listed on the New York Stock Exchange
(NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams
across North America, Europe and Asia
Pacific, the company serves retail, hospitality and golf
businesses in over 100 countries.
For more information, see www.lightspeedhq.com
Follow us on social media: LinkedIn, Facebook, Instagram,
YouTube, and Twitter.
Forward-Looking
Statements
This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements"), including
information regarding Lightspeed's leadership team and product
offerings. Forward-looking statements are statements that are
predictive in nature, depend upon or refer to future events or
conditions and are identified by words such as "will", "expects",
"anticipates", "intends", "plans", "believes", "estimates" or
similar expressions concerning matters that are not historical
facts. Such statements are based on current expectations of
Lightspeed's management and inherently involve numerous risks and
uncertainties, known and unknown, including economic factors. A
number of risks, uncertainties and other factors may cause actual
results to differ materially from the forward-looking statements
contained in this news release, including, among other factors,
those risk factors identified in our most recent Management's
Discussion and Analysis of Financial Condition and Results of
Operations, under "Risk Factors" in our most recent Annual
Information Form, and in our other filings with the Canadian
securities regulatory authorities and the U.S. Securities and
Exchange Commission, all of which are available under our profile
on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Readers are
cautioned to consider these and other factors carefully when making
decisions with respect to Lightspeed's subordinate voting shares
and not to place undue reliance on forward-looking statements.
Forward-looking statements contained in this news release are not
guarantees of future performance and, while forward-looking
statements are based on certain assumptions that Lightspeed
considers reasonable, actual events and results could differ
materially from those expressed or implied by forward-looking
statements made by Lightspeed. Except as may be expressly required
by applicable law, Lightspeed does not undertake any obligation to
update publicly or revise any such forward-looking statements,
whether as a result of new information, future events or
otherwise.
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SOURCE Lightspeed Commerce Inc.