Lightspeed appoints Google’s Samat and fintech leader Almeida to board

MONTREAL - Lightspeed Commerce Inc. (NYSE:LSPD) (TSX:LSPD), a retail and hospitality technology provider with a market capitalization of $1.63 billion and an overall "GOOD" financial health rating according to InvestingPro, announced Thursday the appointment of two new directors to its board, effective October 1, 2025.

Sameer Samat, President of Google’s Android Ecosystem, and Odilon Almeida, a global fintech executive, will join the board as the company focuses on its profitable growth strategy.

Samat currently leads Google’s Android teams across multiple platforms and the Google Play Store. He previously helped build Google Shopping and served as Vice President for Google’s Shopping and Travel search products. Before joining Google, he founded Mohomine, a cloud-based AI automation company. The appointment comes as Lightspeed shows strong revenue growth of 15.46% over the last twelve months, though InvestingPro analysis indicates the company is currently trading below its Fair Value.

Almeida brings over 40 years of experience in financial services and technology. He currently serves as Managing Principal of AJ Holdings and Operating Partner at Advent International. His previous roles include CEO of ACI Worldwide and President of Western Union.

"Their perspectives will elevate our governance and help management deliver on the Company’s ambitious vision," said Manon Brouillette, Executive Chair of Lightspeed’s Board, according to the press release.

The appointments coincide with the departure of two long-serving board members. Patrick Pichette will step down on September 30, 2025, after seven years of service, while Rob Williams will conclude his board service on December 31, 2025, after more than seven years.

Lightspeed, founded in Montreal in 2005, provides point-of-sale and payments platform services to retail and hospitality businesses in over 100 countries. The company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 4.6. For deeper insights into Lightspeed’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers this and 1,400+ other top US stocks.

In other recent news, Lightspeed POS Inc. reported its Q1 2025 earnings, which showed mixed results. The company missed its earnings per share forecast, posting $0.06 against an expected $0.13, marking a 53.85% shortfall. However, Lightspeed exceeded revenue expectations with $304.9 million, surpassing the forecasted $287.22 million by 6.16%. RBC Capital reiterated its Outperform rating for Lightspeed, maintaining a price target of $15.00. The firm cited positive developments in the company’s transformation efforts, including a 5% year-over-year growth in its key markets during the first quarter of fiscal year 2026. These recent developments were discussed during investor meetings with Lightspeed’s CEO and Head of Investor Relations. RBC’s continued confidence in Lightspeed reflects optimism about the company’s growth trajectory.

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