The company also reported its third-quarter earnings. “We’re all humble enough to know that we want what’s best for the company and that sometimes the roles have to be looked at and succession has to happen in order for evolution to occur,” Dasilva said in a joint interview with Chauvet.
Lightspeed stock software#
Dasilva, who was was one of the few openly gay leaders of a big Canadian company, said he would also continue to work on inclusivity, including at Lightspeed, which specializes in software that helps smaller companies process payments and manage inventories. Photo by Damon van der Linde/National Post filesĭasilva, 44, said he wanted to step away from day-to-day management to focus on personal projects, including an environmental charity he founded last year that funds conservation projects. Dax Dasilva, left, with Jean Paul Chauvet in 2015. “We think making the move now clears the decks for cleaner (fiscal 2023) financials strategic focus,” he said. Nevertheless, Jeffrey reiterated that he thinks Lightspeed is a good long-term bet, adding that resolving any leadership uncertainty should make the company that much stronger. “Timing isn’t great,” Andrew Jeffrey, an analyst at Truist Securities, said in a note to clients, as Lightspeed still is in the middle of integrating the companies it acquired during a buying spree last year, while also rolling out new products and fending off attacks from a short-seller. This advertisement has not loaded yet, but your article continues below.
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