Nussey will stay until May to ensure an
orderly transition
MONTRÉAL, March 3,
2023 /CNW/ - Lightspeed Commerce Inc. (TSX:
LSPD) (NYSE: LSPD), the one-stop commerce platform for merchants
around the world to simplify, scale and provide exceptional
customer experiences, today announced that Brandon Nussey, Chief Operating Officer, will be
stepping down from his position. Brandon
Nussey will stay at Lightspeed until May to ensure a smooth
transition, after which his responsibilities will be distributed
among other executives.
"On behalf of Lightspeed, I would like to thank Brandon for his
outstanding leadership, selfless partnership and financial and
operational stewardship. Brandon helped lay the solid foundation
that supports the Company's continued innovation, global presence
and profitable growth," said JP Chauvet, Lightspeed's Chief
Executive Officer. "Brandon brought invaluable strategic insight
and expertise to our business during his tenure with Lightspeed,
including steering Lightspeed through its Toronto Stock Exchange
and New York Stock Exchange IPOs and scaling its financial services
offerings across the globe. We wish him much success in his future
endeavors, and are grateful for his partnership in ensuring a
smooth and orderly transition."
"I am proud of our achievements since I joined Lightspeed five
years ago," said Nussey. "It has been an honor to work with JP,
Asha, Dax and the Lightspeed leadership team and so many
exceptionally talented individuals as we grew Lightspeed into the
leader it is today. I leave knowing that Lightspeed is in good
hands and well positioned for the future."
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, please visit: lightspeedhq.com
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"). 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.