{"id":135600,"date":"2025-09-11T07:19:10","date_gmt":"2025-09-11T07:19:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/135600\/"},"modified":"2025-09-11T07:19:10","modified_gmt":"2025-09-11T07:19:10","slug":"shopify-chief-operating-officer-is-leaving-the-company","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/135600\/","title":{"rendered":"Shopify chief operating officer is leaving the company"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

COO Kaz Nejatian first arrived at the e-commerce company in September, 2019, as a vice-president and general manager of Shopify Money.Chris Young\/The Canadian Press<\/p>\n

Shopify Inc. SHOP-T<\/a> chief operating officer and vice-president of product Kaz Nejatian is leaving the company to become the new chief executive officer of San Francisco-based real estate company Opendoor Technologies Inc.<\/p>\n

Opendoor, an online company that buys and sells residential real estate, makes cash offers for properties, repairs them and then relists them for sale. The company, worth US$4.3-billion, became the target of a group of activist investors who pushed the company\u2019s stock up 946 per cent since the beginning of July while jostling for leadership change.<\/p>\n

\u201cIt\u2019s a privilege to become Opendoor\u2019s leader,\u201d said Mr. Nejatian in a press release. \u201cFew life events are as important as buying or selling a home. With AI, we have the tools to make that experience radically simpler, faster, and more certain. That\u2019s the future we\u2019re building.\u201d<\/p>\n

Mr. Nejatian arrived at Ottawa-based e-commerce company Shopify in September, 2019, as a vice-president and general manager of Shopify Money, a team that developed various payment systems for the company\u2019s customers. Mr. Nejatian was promoted to chief operating officer in the fall of 2022.<\/p>\n

In an e-mail, Shopify spokesperson Ben McConaghy recognized Mr. Nejatian\u2018s six years with the company, \u201cbuilding products that matter and making merchant services a core part of Shopify.\u201d<\/p>\n

He said Shopify chief executive officer Tobi L\u00fctke will \u201cstay focused on product and the big picture,\u201d supported by the company\u2019s executive team. <\/p>\n

In regulatory filings, the company thanked Mr. Nejatian for his contributions to the company, saying leadership was \u201cready to ensure a seamless transition.\u201d<\/p>\n

In 2024, Mr. Nejatian earned a US$800,000 base salary, and US$200,000 in share-based awards. In December of 2023, Mr. Nejatian received a US$75-million grant of restricted stock units and stock options, according to the company\u2019s management information circular.<\/p>\n

As of the end of 2024, Mr. Nejatian held in-the-money stock options with expiration dates between 2029 and 2032 worth $64.5-million. <\/p>\n

Prior to his role at Shopify, Mr. Nejatian served as a political staffer for the Conservative Party under then-immigration minister Jason Kenney.<\/p>\n

Aside from of his work with Shopify, Mr. Nejatian has frequently gained attention for his association with True North, a right-wing Canadian media website. In 2017, he and his wife, former Toronto Sun columnist Candice Malcolm, relaunched True North, which had been established in 1994 as a charity to welcome British immigrants to Canada. Mr. Nejatian serves as a board member.<\/p>\n

In 2024, True North published then subsequently removed an interview with the founder of the Proud Boys, which Public Safety Canada describes as a \u201cneo-fascist\u201d terrorist organization associated with \u201cwhite supremacist ideologies,\u201d after reporting by news organization PressProgress.<\/p>\n

True North continues to operate as a charity, in 2023 registering $2.3-million in revenue and $2.2-million in expenses, of which 90 per cent were used for charitable programs, according to the Canada Revenue Agency\u2019s listing.<\/p>\n

In early 2025, Shopify shut down teams aimed at supporting Black, Indigenous and female entrepreneurs. These teams have reported to Mr. Nejatian since late 2024, the Logic reported.<\/p>\n

With a market capitalization of $255-billion as of Wednesday at market close, Shopify is the second largest company on the Toronto Stock Exchange, after the Royal Bank of Canada, worth $280-billion.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: COO Kaz Nejatian first arrived at the e-commerce company in September, 2019, as…\n","protected":false},"author":2,"featured_media":135601,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-135600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/135600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=135600"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/135600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/135601"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=135600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=135600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=135600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}