NuORDER by Lightspeed Announces Retail Industry Veteran Chris Akrimi as Head of Revenue for Lightspeed B2B / NuORDER by Lightspeed

MONTREAL--(BUSINESS WIRE)--Oct 7, 2024--

NuORDER by Lightspeed, a leading B2B commerce platform powering wholesale buying and selling, today announced the appointment of Chris Akrimi to the role of Head of Revenue for Lightspeed B2B / NuORDER.

"Chris has a distinguished and proven track record of collaborating with and driving success in partnership with prestigious tech companies, global brands, and luxury retail powerhouses,” said Michael Ganci, SVP of B2B Go-to-Market at NuORDER by Lightspeed. “His experience and his ability to align business strategy with market demands, while maintaining a strong focus on financial performance, positions him as a pivotal asset in helping drive Lightspeed's global future success."

Akrimi most recently held the role of CEO at The Layer, a technology company transforming commerce data through artificial intelligence (AI), where he focused on positioning the company at the forefront of AI-driven product data management. Previously he was the global Chief Revenue Officer at Joor. Akrimi has also held executive leadership positions at Ralph Lauren, Eastpak, and Scotch & Soda.

“I am excited to be joining Lightspeed and becoming part of a forward-thinking, innovative company that is shaping the future of commerce. It’s about pushing boundaries, driving success for businesses worldwide, and shaping the future in a rapidly evolving digital era," said Akrimi.

Throughout his decades in the retail industry, Akrimi has executed successful programs working alongside global companies such as LVMH, Hermes, Richemont, Capri, VF Corp, Chanel, Kering, and Itochu. Akrimi earned a Bachelor of Applied Science from the University of Bedfordshire Business School.

About NuORDER by Lightspeed

NuORDER by Lightspeed is a leading B2B commerce platform powering wholesale buying and selling. NuORDER offers a full suite of commerce solutions engineered to streamline the way brands sell their products all around the world while providing retailers with the insights they need to make better buying decisions. Today, more than 3,000 brands and more than 100,000 retailers use NuORDER to transform their wholesale operations. Lightspeed acquired NuORDER in 2021.

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. Lightspeed's 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.

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 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20241007660495/en/

CONTACT: For further information:

NuORDER by Lightspeed Media Relations - Laura Baumgartner, VP Asylum Public Relationslbaumgartner@asylumpr.com

KEYWORD: CALIFORNIA EUROPE UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: TECHNOLOGY COSMETICS RETAIL SUPPLY CHAIN MANAGEMENT HOME GOODS ONLINE RETAIL ELECTRONIC COMMERCE LUXURY OTHER RETAIL SOFTWARE INTERNET SPECIALTY DATA MANAGEMENT FASHION

SOURCE: NuORDER by Lightspeed

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