Home Business Shopify names Morgan Stanley executive as new chief financial officer

Shopify names Morgan Stanley executive as new chief financial officer

1 min read
Comments Off on Shopify names Morgan Stanley executive as new chief financial officer
0
74


Article content

OTTAWA — Shopify Inc. named Jeff Hoffmeister as its next chief financial officer, replacing Amy Shapero, who is stepping down following the company’s third-quarter earnings to be released on Oct. 27.

Article content

Hoffmeister is a managing director at Morgan Stanley in their technology investment banking group.

Article content

Shopify founder and chief executive Tobi Lutke says the company will benefit from Hoffmeister’s more than 20 years of investment banking experience in the technology sector.

The company also announced that Kaz Nejatian, vice-president of product, has been promoted to chief operating officer, effective immediately.

Nejatian succeeds Toby Shannan, who is retiring and is expected to join Shopify’s board of directors, effective Jan. 1, 2023.

Shannan will serve as a special adviser through the end of the year.

This report by The Canadian Press was first published Sept. 8, 2022.

Companies in this story: (TSX:SHOP)



Source link

Load More Related Articles
Load More By 
Load More In Business
Comments are closed.

Check Also

Hess to buy $750 million in carbon credits from Guyana

Article content GEORGETOWN, Guyana (AP) — U.S.-owned Hess Corporation, a consortium partne…