Brouillette will help accelerate the Company's
strategic transformation plan in new role
MONTREAL, March 6,
2025 /CNW/ - Lightspeed Commerce Inc. (NYSE: LSPD)
( TSX: LSPD) ("Lightspeed" or the "Company"),
the one-stop commerce platform empowering merchants to provide the
best omnichannel experiences, today announced the appointment of
Manon Brouillette as Executive Chair
of its Board of Directors, effective April
1, 2025 to coincide with the first day of Lightspeed's new
fiscal year.
"I'm thrilled to be named as Lightspeed's Board Chair during
this pivotal moment in the Company's history," said Manon Brouillette. "Lightspeed is an incredible
success story, celebrating 20 years supporting growing businesses
and entrepreneurs, and I believe the Company has a powerful mission
and vision to propel its next phase of growth for the years to
come."
Brouillette brings a wealth of experience and expertise to her
role as Executive Chair. She currently serves as Chair of the board
of directors of Hydro-Québec, the largest renewable energy company
in eastern Canada, and her past
board service includes Sonder, Altice USA and SFR (Altice
France). During her career, Brouillette has accrued a strong
foundation in omnichannel and company transformation, acting as the
former CEO of Verizon Consumer Group, and EVP of Verizon, as well
as President and CEO of Videotron. Brouillette rejoined
Lightspeed's Board of Directors in October
2023, where she played an instrumental role in developing
the Company's recently deployed transformation strategy.
"We are truly grateful to have had Manon
Brouillette be part of our Board, and are excited to have
her bring her extensive experience in scaling growth companies to
the Executive Chair role," said Dax
Dasilva, Founder and CEO at Lightspeed. "As we enter a
period of focused transformation for Lightspeed, Manon's record of
success with business transformations will add immense value to our
executive leadership team and our Company."
Previous to Brouillette's appointment, Patrick Pichette has been serving as interim
Chair of the Board. Pichette will continue to serve as a Director
on the Board. Along with Brouillette's appointment, Lightspeed
announced it has appointed Dale
Murray as the Board's Lead Independent Director.
This announcement comes ahead of Lightspeed's Capital Markets
Day, scheduled for March 26, 2025 at
the New York Stock Exchange, where Lightspeed's management team
will provide a comprehensive update on the Company's transformation
plan, operational and financial impact, products, go-to-market
efforts, and provide a long-term financial outlook.
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 omnichannel
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 and
Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across
North America, Europe, and Asia
Pacific, the Company serves retail, hospitality, and golf
businesses in over 100 countries.
Follow us on social media: LinkedIn, Facebook, Instagram,
YouTube, and X.
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 the Company's strategic plans and the
composition of Lightspeed's board of directors. 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 profiles on SEDAR+ at www.sedarplus.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.
