All Things Newz
Business

Shopify names new CFO, COO in executive ranks shakeup


Article content

Shopify Inc. named two new executives on Thursday, including Morgan Stanley’s Jeff Hoffmeister as chief financial officer.

Article content

Hoffmeister, who leads Morgan Stanley’s technology investment banking group, will take over from CFO Amy Shapero when she steps down following the company’s third quarter 2022 earnings announcement on Oct. 27.

Article content

“We are fortunate to benefit from (Hoffmeister’s) more than 20 years of investment banking experience in the technology sector and his keen vision of the future of the industry,” chief executive Tobi Lütke said in a press release.

The banker served as an adviser to Shopify for many years, including leading its IPO.

The e-commerce giant also promoted Kaz Nejatian to chief operating officer following outgoing COO Toby Shannan’s retirement. Nejatian will remain vice-president of product while undertaking the new role.



Source link

Related posts

Traders Face Showdown With Kuroda as BOJ Policy Rips Every Asset

Horace Hayward

NASA calls off Artemis moon rocket launch for second time in 5 days

Horace Hayward

EV startup Faraday Future refutes claims made by top shareholder

Horace Hayward