SPS Commerce Appoints Chad Collins as Chief Executive Officer
“On behalf of the Board of Directors, I would like to welcome
“This is a very exciting time to join
Under Mr. Black’s leadership,
- Increased revenues at a 21 percenti compound annual growth rate since becoming a public company in 2010;
- Extended global reach to over 115,000 customers to date and nearly 43,000 current recurring revenue customers;
- Delivered substantial shareholder returns while increasing market capitalization by more than 52 timesii.
“On behalf of the Board, the management team, and employees, I want to thank Archie for his dedication to
“It has been an honor to be a part of SPS Commerce’s growth and success, and to work with such a talented team of individuals who are relentlessly executing our vision to be the world’s retail network,” said
In conjunction with the CEO transition plan,
“Jim has been a key contributor to SPS’ growth for 23 years. He was integral to the creation of the industry’s first integrated suite of products and the largest retail cloud solution architected for today’s omnichannel market,” said
This press release contains forward-looking statements, including information about future expectations, plans and prospects, including views regarding future growth, market, growth and other opportunities, business strategy and results, as well as anticipated continuity, timing and effectiveness of the Chief Executive Officer and President and Chief Operating Officer transitions, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of
i As of fiscal year 2022
ii Based on SPSC stock closing price on
Source: SPS Commerce, Inc.