It was a better quarter all around for BigCommerce Inc., a provider of ecommerce platform and infrastructure applications and services. The company also named an ecommerce veteran as its next president.
BigCommerce leadership update
BigCommerce has named Steven Chung, a technology industry veteran and experienced ecommerce sales executive, as its president. Chung will oversee the BigCommerce’s sales, marketing, and services organizations.
Prior to joining the BigCommerce, Chung most recently worked at Delphix Corp., an enterprise software development and IT operations company. He led Delphix’s strategic growth as its president, worldwide field operations since December 2020.
From May 2016 to December 2020, he served as senior vice president, worldwide sales, customer success, and services at Pagerduty, Inc., a digital operations management platform for businesses.
Prior to those roles, he has held numerous leadership roles, including at Demandware, Inc., which Salesforce acquired in July 2016. He served as senior vice president, worldwide sales from January 2013 to April 2016, and at OneLogin, Symantec, MicroStrategy, and PwC Consulting.
He holds a B.A. in liberal arts from the University of Michigan and an M.B.A. from the University of Southern California.
As president, BigCommerce will pay Chung a base annual salary of $460,000. He will be eligible to participate in an annual bonus program, with a target bonus of 80% of his annual base salary, BigCommerce says in a recent filing with the Securities and Exchange Commission.
“As the global sales leader at Demandware when they moved upmarket, Steven wrote the playbook for a modern SaaS company to take on the enterprise ecommerce incumbents,” says Demandware CEO Brent Bellm.
BigCommerce also released its second-quarter earnings.
For the quarter ended June 30, revenue totaled $75.4 million. That’s up 11% from $68.2 million in the year-earlier quarter.
Net loss was $19 million. That compares with $39.6 million in the second quarter of 2022.
Percentage changes may not align exactly with dollar figures due to rounding.
Check back for more earnings reports.
Sign up for a complimentary subscription to Digital Commerce 360 B2B News, published 4x/week. It covers technology and business trends in the growing B2B ecommerce industry. Contact Mark Brohan, vice president of B2B and Market Research Development, at [email protected] and follow him on Twitter @markbrohan.
Follow us on LinkedIn and be the first to know when we publish Digital Commerce 360 B2B News content.Favorite