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Shopify $SHOP Appoints Former Microsoft Exec Mikhail Parakhin as New CTO

Aug 28, 2024, 02:25 PM

Shopify $SHOP has announced the appointment of Mikhail Parakhin as its new Chief Technology Officer (CTO). Parakhin, who previously served as the CEO for advertising and web services at Microsoft, is recognized for his expertise in artificial intelligence, machine learning, and search technologies. His appointment is seen as a significant win for Shopify's engineering and data teams, as well as its merchants. Parakhin's experience in AI and search at a large scale is expected to bring substantial benefits to Shopify. Shopify joins Adyen and Stripe in appointing a new CTO.