Klaviyo Appoints Chano Fernandez as Interim Executive Officer to Guide AI, International Growth

Klaviyo Inc. (NYSE:KVYO) is one of the best IPO tech stocks to buy now. On August 29, Klaviyo announced the appointment of Chano Fernández as its Interim Executive Officer, effective September 1. Fernández is a current board member and has a background in scaling enterprise software organizations, with previous executive roles at Eightfold.ai and Workday.

The appointment is expected to provide new executive expertise that could influence Klaviyo’s operational approach and help address risks related to execution and retention in a competitive market. As part of this leadership change, Tony Weisman is transitioning to Chairperson of the Compensation Committee.

Klaviyo’s investment strategy is focused on international expansion, new AI-powered products, and growing its customer base. The company recently launched its AI-powered Service suite, which is a key part of its product expansion efforts. According to the company’s narrative, it projects $1.9 billion in revenue and $88.3 million in earnings by 2028. This would require a 21.4% yearly revenue growth and a $155 million increase in earnings from the current net loss of $66.7 million.

Klaviyo Inc. (NYSE:KVYO) is a technology company that provides a SaaS platform in the US, the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

While we acknowledge the potential of KVYO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.