Shopify Management
Management criteria checks 3/4
Shopify's CEO is Tobi Lütke, appointed in Sep 2004, has a tenure of 19.67 years. total yearly compensation is $20.00M, comprised of 0% salary and 100% bonuses, including company stock and options. directly owns 6.18% of the company’s shares, worth $5.73B. The average tenure of the management team and the board of directors is 3 years and 6.4 years respectively.
Key information
Tobi Lütke
Chief executive officer
US$20.0m
Total compensation
| CEO salary percentage | 0.0% |
| CEO tenure | 19.7yrs |
| CEO ownership | 6.2% |
| Management average tenure | 3yrs |
| Board average tenure | 6.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$132m |
| Sep 30 2023 | n/a | n/a | -US$1b |
| Jun 30 2023 | n/a | n/a | -US$2b |
| Mar 31 2023 | n/a | n/a | -US$2b |
| Dec 31 2022 | US$20m | US$1 | -US$3b |
| Sep 30 2022 | n/a | n/a | -US$3b |
| Jun 30 2022 | n/a | n/a | -US$2b |
| Mar 31 2022 | n/a | n/a | US$182m |
| Dec 31 2021 | US$20m | US$1 | US$3b |
| Sep 30 2021 | n/a | n/a | US$3b |
| Jun 30 2021 | n/a | n/a | US$2b |
| Mar 31 2021 | n/a | n/a | US$2b |
| Dec 31 2020 | US$15m | US$105k | US$320m |
| Sep 30 2020 | n/a | n/a | US$196m |
| Jun 30 2020 | n/a | n/a | -US$67m |
| Mar 31 2020 | n/a | n/a | -US$132m |
| Dec 31 2019 | US$11m | US$616k | -US$125m |
| Sep 30 2019 | n/a | n/a | -US$127m |
| Jun 30 2019 | n/a | n/a | -US$78m |
| Mar 31 2019 | n/a | n/a | -US$73m |
| Dec 31 2018 | US$9m | US$586k | -US$65m |
| Sep 30 2018 | n/a | n/a | -US$66m |
| Jun 30 2018 | n/a | n/a | -US$52m |
| Mar 31 2018 | n/a | n/a | -US$42m |
| Dec 31 2017 | US$8m | US$638k | -US$40m |
Compensation vs Market: Tobi's total compensation ($USD20.00M) is above average for companies of similar size in the UK market ($USD5.60M).
Compensation vs Earnings: Tobi's compensation has been consistent with company performance over the past year.
CEO
Tobi Lütke (42 yo)
19.7yrs
Tenure
US$20,000,156
Compensation
Mr. Tobias Lütke, also known as Tobi, Co-founded Shopify Inc. in September 2004 and serves as its Chairman and Head of R&D. He is an Independent Director of Coinbase Global, Inc. since February 02, 2022 an...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 19.7yrs | US$20.00m | 6.18% $ 5.7b | |
| President | 3.6yrs | US$10.67m | 0.0028% $ 2.6m | |
| Chief Financial Officer | 1.6yrs | US$8.76m | 0.0027% $ 2.5m | |
| VP of Product & COO | 1.7yrs | US$16.87m | 0.015% $ 13.6m | |
| General Counsel & Corporate Secretary | 3.3yrs | US$6.10m | 0.00096% $ 890.6k | |
| Director of Investor Relations | no data | no data | no data | |
| Country Head & Director- India | 2.6yrs | no data | no data | |
| GM & VP of Shopify Plus | no data | no data | no data | |
| Director of Product | no data | no data | no data | |
| Director of Product for Shopify Fulfillment Network | no data | no data | no data | |
| Product Lead of Shopify Plus | no data | no data | no data | |
| Director of UX | no data | no data | no data |
3.0yrs
Average Tenure
42yo
Average Age
Experienced Management: 0VHA's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 20.3yrs | US$20.00m | 6.18% $ 5.7b | |
| Lead Independent Director | 9.4yrs | US$329.75k | 0.024% $ 22.7m | |
| Independent Director | 7.5yrs | US$315.09k | 0.0051% $ 4.8m | |
| Independent Director | 13.3yrs | no data | 0.056% $ 51.9m | |
| Independent Director | 5.3yrs | US$313.09k | 0.00086% $ 797.8k | |
| Director | 1.3yrs | US$20.66m | 0.025% $ 23.6m | |
| Independent Director | less than a year | no data | 0.000080% $ 74.2k | |
| Independent Director | 2.4yrs | US$682.41k | 0.00085% $ 788.5k |
6.4yrs
Average Tenure
51yo
Average Age
Experienced Board: 0VHA's board of directors are considered experienced (6.4 years average tenure).