Lightspeed Founder Dasilva Steps Down; Chauvet Rises to CEO
- He’ll lead board as executive chair, focus on ESG projects
- E-commerce firm’s shares hurt by tech selloff, short attack
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Lightspeed Commerce Inc. said Dax Dasilva is stepping down as chief executive officer after 16 years to focus on environmental and equality projects for the e-commerce company he founded.
Dasilva, 44, will become executive chair of the company’s board, with President JP Chauvet succeeding him as CEO, effective immediately. Chair Patrick Pichette, a former Google executive, will be the lead independent director.