NYSE: SHOP 145.62 -1.60 -1.09% Volume: 100 March 19, 2018
TSX: SHOP 190.36 -2.17 -1.13% Volume: 342,705 March 19, 2018

Investor News Details

Shopify Appoints New Chief Financial Officer

March 05, 2018

OTTAWA, Ontario--(BUSINESS WIRE)-- Shopify Inc. (NYSE:SHOP)(TSX:SHOP), the leading cloud-based, multi-channel commerce platform, today announced the appointment of Amy Shapero as Chief Financial Officer, effective April 2, 2018.

Shapero joins Shopify from Betterment, an online wealth-management service, where she has served as Chief Financial Officer since 2016. Previously, Shapero was Chief Financial Officer at Sailthru, a SaaS marketing technology provider, and Senior Vice President of Strategy, Corporate Development and Corporate Communications at DigitalGlobe, a big data and analytics provider. Prior to that, she held Chief Financial Officer roles at Spot Holdings, a financial services company, and Standard & Poor’s, a business unit of The McGraw-Hill Companies.

Shapero began her career as a CPA at Ernst & Young, followed by positions at Credit Suisse and Credit Suisse and Goldman Sachs. She holds a Bachelor of Science from the University of Illinois and a Master of Business Administration from the University of Chicago Booth School of Business.

"We’re excited to welcome Amy to Shopify as our new CFO," said Shopify CEO, Tobi Lütke. "Amy brings extensive financial, operational, and strategic experience. This, combined with her deep knowledge of the technology industry and experience scaling high-growth companies, will be a huge asset to Shopify as we enter our next phase of growth and further our mission to make commerce better for everyone.”

Shapero will succeed Russ Jones, who has served as Shopify’s Chief Financial Officer since 2011. Jones will remain a strategic advisor to the company during a transition period.

“Russ was Shopify’s first CFO, and now he’s our first official retiree. He leaves behind an incredible legacy at Shopify, which includes taking us public. In the last seven years, Russ has been instrumental in growing Shopify from a 50 person company to a leading public SaaS company with over 3,000 employees. We’re very grateful to Russ for his valuable contributions and wish him all the best as he begins his well-deserved retirement," said Lütke.

Shopify is also pleased to announce the recent addition of Jeff Weiser as Chief Marketing Officer. Prior to joining Shopify, Weiser served as Chief Marketing Officer at Shutterstock (NYSE), held multiple senior level positions with Beachbody (P90X and Shakeology), and performed strategy and analytics roles at SGN (Social Gaming Network), MySpace and Yahoo!. Weiser holds a Bachelors of Arts in English from Yale University and a Master of Business Administration from Columbia Business School.

Craig Miller, Shopify’s former Chief Marketing Officer, will now focus exclusively on his role as Chief Product Officer.

About Shopify

Shopify is the leading cloud-based, multi-channel commerce platform. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides merchants with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Shopify currently powers over 600,000 businesses in approximately 175 countries and is trusted by brands such as Nestle, Red Bull, Rebecca Minkoff, and Kylie Cosmetics.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws, including statements regarding Shopify’s appointment of its new Chief Financial Officer. Words such as “expects”, “anticipates”, “will”, and “intends” or similar expressions are intended to identify forward-looking statements. The forward-looking statements contained in this news release represent Shopify’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. Shopify undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Source: Shopify



Katie Keita, 613-241-2828 x 1024

Director, Investor Relations




Sheryl So, 416-238-6705 x 302

Corporate Communications