Jasper Commerce Inc. announced that in light of this transition, Mag Saad, currently serving as Chairman of the Board, will expand his responsibilities to include the role of fractional CEO. Mag brings extensive experience and strategic vision to this dual role, ensuring continuity and strength in leadership. Ken Gutierrez has stepped down from his positions at Jasper to pursue other opportunities.

He will remain with the company during a transitionary period to ensure a seamless handover. Ken played a pivotal role in significantly reducing Jasper's monthly loss rate, and thank him for his contributions and wish him all the best in his future endeavors. Mag Saad will officially assume their roles within the company on April 22, 2024.