Jasper Commerce Inc. announces strategic changes to the Company's management team. Jon Marsella will be stepping down from the role of Chief Executive Officer and Chairman and will become the Company's Chief Growth Officer. The Board has elected to appoint Gerry Hurlow Interim Chief Executive Officer and Chairman.

Mr. Hurlow will continue to work with Mr. Marsella on the growth of the Company, while expanding the responsibilities of the Company's Chief Operating Officer, Sean Coutts. As such, the Board has appointed Mr. Coutts as President in addition to COO of the Company. Mr. Hurlow is President of Meteor Capital Inc., a company that invests in emerging Canadian technology companies.

Meteor has been a significant shareholder and investor in Jasper since 2017. Mr. Hurlow has been a Director of Jasper since 2018, having joined the Board of Directors prior to the Company's public listing. Mr. Coutts joined Jasper in mid 2021 as Chief Technology Officer & COO with his initial focus on product advancement and customer support.

Since that time, Jasper's PIM software has been strengthened significantly with the addition of important new features. Customer satisfaction has improved and the rate of churn has fallen. In July of this year, responsibility for sales execution was added to his role.

Mr. Coutts has quickly revamped sales operations to create a process that has translated into new software revenue being added each month on a more predictable basis. As President, he will take on additional responsibility for the finance team alongside Mr. Hurlow.