Shopify Appoints Mikhail Parakhin As Chief Technology Officer

Aug 28, 2024•11 months ago

Position

Chief Technology Officer

Company

Shopify

Mikhail Parakhin

OttawaRetailE Commerce

Description

Shopify welcomes Mikhail Parakhin, a renowned machine learning (ML) expert, as the new Chief Technology Officer. In his new role, Mikhail will lead the engineering and data organizations to drive Shopify's advancement in ML, AI, and overall e-commerce technology.

Company Information

Company

Shopify

Location

Ottawa, Ontario, Canada

About

Shopify is a leading global commerce company, providing trusted tools to start, grow, market, and manage a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for reliability, while delivering a better shopping experience for consumers everywhere. Shopify powers millions of businesses in more than 175 countries and is trusted by brands such as Allbirds, Gymshark, PepsiCo, Staples, and many more.

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Executive Insights

Based on hiring data

New executive impact window

87% of new executives make significant technology decisions within first 100 days

Budget influence

C-level executives control 73% of technology spending decisions

Transformation catalyst

65% of new senior hires launch digital transformation initiatives

Vendor review timeline

New executives typically review existing vendors within 6 months