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MONTREAL - Lightspeed Commerce Inc. (NYSE:LSPD) (TSX:LSPD), currently valued at $1.58 billion in market capitalization, announced today the appointment of Glen LeBlanc to its Board of Directors, effective July 1, 2025.
LeBlanc, who currently serves as Vice Chair, Atlantic Canada with BCE Inc., brings over 30 years of experience in telecommunications and technology industries. He previously held positions as Executive Vice President and CFO at BCE and Aliant before BCE’s acquisition of Aliant in 2014. His appointment comes at a crucial time as InvestingPro data shows Lightspeed maintaining a strong balance sheet with more cash than debt and a healthy current ratio of 5.36x.
"Glen’s financial expertise and disciplined approach will strengthen our Board’s ability to steward Lightspeed’s transformation and long-term success," said Manon Brouillette, Executive Chair of Lightspeed’s Board, according to the company’s press release.
LeBlanc will join the company’s Audit Committee and Risk Committee effective July 1. Subject to his election at the annual shareholders meeting on July 31, he will succeed Paul McFeeters as Chair of the Audit Committee. McFeeters will not stand for re-election at that meeting.
Lightspeed, a provider of point-of-sale and payments platform for retail and hospitality businesses, operates in over 100 countries. The company was founded in Montreal in 2005 and is dual-listed on the New York Stock Exchange and Toronto Stock Exchange. While the company posted revenue growth of 18.4% in the last twelve months, InvestingPro analysis indicates significant upside potential, with 8 additional exclusive insights available to subscribers.
The announcement comes as Lightspeed continues its three-year strategy and transformation journey. While currently unprofitable, analysts tracked by InvestingPro predict profitability this year, with detailed forecasts and comprehensive analysis available in the Pro Research Report. The information in this article is based on a press release issued by the company.
In other recent news, Lightspeed POS Inc. reported its financial results for the fourth quarter of 2025, achieving over $1 billion in annual revenue for the first time. The company recorded an earnings per share of $0.10, slightly below the forecast, while revenue slightly exceeded expectations at $253.4 million. In a strategic move, Lightspeed announced a partnership with Whoosh to enhance private club operations by integrating scheduling, payments, and membership management. Analyst firms have weighed in on Lightspeed’s performance; Scotiabank adjusted its price target for the company to $10.00 while maintaining a Sector Perform rating, reflecting a cautious outlook for fiscal year 2027. Meanwhile, Benchmark analysts maintained a Buy rating with a $16.00 price target, expressing confidence in Lightspeed’s potential for growth. The company continues to focus on expanding its product offerings and market position, as evidenced by its strategic shift and operational advancements. Lightspeed’s management has been actively buying back shares, suggesting confidence in the company’s future trajectory.
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