Philippines: E-commerce firm CashCashPinoy names Sebastien L’Hermitte as new CEO

Philippine-based E-commerce company CashCashPinoy has named Sebastien L’Hermitte as its new chief-executive-officer (CEO).

L’Hermitte will assume the role from CashCashPinoy founder and former CEO Frederic Levy who will focus his role as the company’s senior strategy advisor and board member.

A seasoned finance strategist, L’Hermitte brings with him over 15 years of experience in finance, operations and general management, 10 years of which were in Japan.

In his new role, L’Hermitte will be responsible for leading the company’s growing business in the Philippines.

Also Read: CashCashPinoy plans marketing push, to engage more people

CashCashPinoy pioneered the private online shopping club in the Philippines ahead of both international and local players and now has over 120 employees.

L’Hermitte was country manager and representative director of Safilo Japan, the second largest eyewear manufacturer and distributor worldwide.

With a finance background working at BNP Paribas in France, he then held various positions in finance and operations at energy management firm Schneider Electric.

“I’m very happy with the board’s decision. We are all excited to welcome Sebastien to CashCashPinoy. With his strong ability to lead in new environments and different businesses in large and growing companies, we are confident that he will carry on the momentum that our company is experiencing right now,” Levy said.

Also read:  CashCashPinoy raises $2m from Hera Capital

The company considers it an opportune time for L’Hermitte to be joining the company as more and more Filipinos are starting to embrace online shopping. The company which began operating in 2010, has been known to pioneer E-commerce business in the country.

“Even before the e-commerce sector boomed in the Philippines, CashCashPinoy has positioned itself at the forefront of this market,” L’Hermitte said.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.