Lightspeed Commerce Inc. announced that as part of its long-term succession planning process, the Lightspeed board of directors has appointed current President JP Chauvet to the role of Chief Executive Officer, effective immediately. He will lead Lightspeed's continued growth, strategic development and execution. Chauvet joined Lightspeed in October 2012 as Chief Revenue Officer and became a board member in September 2013.

The Company also announced that Founder and outgoing CEO Dax Dasilva will continue to serve Lightspeed as Executive Chair of Lightspeed's board of directors.