MUNICH, July 10,
2024 /PRNewswire/ -- commercetools, a global commerce
company and the market leader in composable commerce, today
announced the appointment of Andrew
Burton as Chief Executive Officer (CEO), effective
July 8, 2024. Burton succeeds
Dirk Hoerig, co-founder and CEO of
commercetools, who will remain on the Board and transition to the
role of Chief Innovation Officer (CIO). In his new position, Hoerig
will grow key customer and partner relationships, drive product
innovation and advance the company's thought leadership.
"It's an honor to be chosen to lead commercetools into its next
chapter of growth and to build on the company's well-known
commitment to innovation and customer success," said Burton.
"Together, we will continue to push the boundaries of commerce,
creating even more value for our customers and partners worldwide,
and serving as the bridge for transforming ideas into revenue."
Burton is a seasoned senior business executive with over 25
years of experience building innovative businesses and leading
world-class teams to deliver exceptional customer value. With a
proven track record in sales and marketing, product and
engineering, and operations, Burton has successfully led teams
through rapid growth in both public and private markets. He joins
commercetools from Rapid7 (NASDAQ: RPD), where he served as
president and COO, growing the company from ~$150M ARR to over $800m in ARR. Previously, Burton served as the
CEO of Logentries, which was acquired by Rapid7.
"Andrew's impressive strategic and operational track record in
driving growth makes him the ideal choice for commercetools at this
stage. Given our tremendous growth and expansion over the last
several years, the opportunities ahead of us are significant,"
said Hoerig. "For 14 years, commercetools Platform has
served as an inflection point for large enterprises seeking agility
and innovation to better serve customers. Throughout our search for
the right leader to continue driving our innovative infrastructure
forward, Andrew stood out as the clear choice to complement our
executive team and lead commercetools into its next chapter of
growth and expansion."
Burton's appointment follows several recent major company
milestones. In 2024, commercetools was named a Leader in the IDC
MarketScape report, launched a HIPAA-compliant and HDS-certified
solution, and introduced commercetools Foundry, a solution that
enables brands and retailers to launch their e-commerce operations
significantly faster and more cost-effectively. The company also
recently shared significant 2023 fiscal year results, including
+65% ARR growth in the Americas region and a Gross Merchandise
Value (GMV) increase of +45% YoY to over $30
billion in 2023.
Burton, commercetools' third major hire in the last 18 months,
alongside the company's recently hired chief people and finance
officers, will lead the company into its next era of growth, while
continuing to invest in innovation and development.
To learn more about commercetools, please visit
commercetools.com.
About commercetools
commercetools, a global commerce company, is the market leader
in composable commerce. We enable companies to flexibly customize,
tailor and scale shopping experiences across markets. Our
composable commerce platform equips some of the world's most
influential businesses with tools to remain agile, future-proof
digital offerings, reduce technical risks and costs, and build
outstanding experiences that drive revenue growth.
With headquarters in Munich
(Germany) and Durham (US) and
employees spread across five continents, commercetools has led a
global renaissance in digital commerce by combining cloud-native,
technology-agnostic, independent components into a unique system
that addresses personalized business needs. We empower brands
–– including Audi, Danone, Eurorail, NBCUniversal, Sephora
and Volkswagen Group –– to stay ahead of changes in the market and
consumer preferences by powering distinctive, dynamic user
experiences.
To learn more, visit commercetools.com.
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SOURCE commercetools