- Kaz Nejatian, Vice President of Product, has been promoted to Chief Operating Officer
- Jeff Hoffmeister, CPA, has been appointed Chief Financial Officer
- Shopify is a leading provider of essential internet infrastructure for commerce
- Shopify Inc. (SHOP) opened trading at C$40.61
Shopify (SHOP) has announced the following leadership changes.
- Kaz Nejatian, Vice President of Product, has been promoted to Chief Operating Officer. 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.
- Jeff 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.
Tobi Lütke, Founder & CEO of Shopify, commented on the appointments.
“Kaz is the right person to succeed Toby Shannan in the Chief Operating Officer role. 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.”
Lütke 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.”
Kaz Nejatian commented on the appointment.
“It’s a thrill to take on the role of Chief Operating Officer, where I look forward to ensuring our product-led ethos is front and center in all we do. Our merchants are at the center of everything we do at Shopify, and helping them run their businesses and reach their goals in today’s dynamic market is more important than ever. There are so many opportunities ahead for our organization and I look forward to continuing to work closely with our talented team as Shopify’s VP of Product and COO.”
Jeff Hoffmeister added,
“I am honored to join Shopify as CFO at such an important time in the Company’s history,” Hoffmeister said. “Having served as a trusted advisor to Shopify for many years, including leading its IPO, I look forward to leveraging my deep industry experience and working closely with Tobi and the rest of Shopify’s talented team to strengthen the Company’s global leadership position and advance its mission of making commerce better for everyone.”
Shopify is a leading provider of essential internet infrastructure for commerce, offering tools to start, grow, market, and manage a retail business of any size. Shopify powers millions of businesses in more than 175 countries.
Shopify Inc. (SHOP) opened trading at C$40.61.