Former Foot Locker EMEA Chief to Drive Wish’s
Turnaround Plan
ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the
world’s largest mobile ecommerce platforms, today announced the
appointment of Vijay Talwar as Chief Executive Officer and a member
of the Company’s Board of Directors, effective February 1, 2022.
Mr. Talwar succeeds Wish’s Founder and former CEO, Piotr
Szulczewski, who will continue to serve the Company as a member of
the Board.
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Vijay Talwar, New CEO of Wish [Context
Logic Inc.] (Photo: Business Wire)
Mr. Talwar is an experienced retail, ecommerce and consumer
brand executive who has led significant digital and operational
transformations within both established and rapidly growing
multinational enterprises. In his most recent role as CEO of Foot
Locker’s Europe, Middle East & Africa (EMEA) business, he was
credited with building a strong, customer-focused, omni-channel
retail business and increasing sales, profitability, and market
share. Previously, as President of Foot Locker Digital, he
successfully repositioned the business as the fastest growing and
most profitable segment within Foot Locker’s portfolio.
In his role as CEO of Wish, Mr. Talwar will be responsible for
leading the strategic execution of Wish’s turnaround plan, which
focuses on improving the user and merchant experience through fun
and entertaining features, technological innovations, and
operational excellence. He will also drive the longer-term growth
plans for the business.
“Wish has all the ingredients to be a true leader in the
ecommerce space - a great product, an engaging and
entertainment-driven social platform, a strong user base, and a
world-class team that is highly motivated to deliver on the
turnaround plan,” said Mr. Talwar. “I am eager to apply my own
experience within the retail and ecommerce space to further refine
our focus and put the business back onto a path of growth. I firmly
believe the best years for Wish are right ahead of us.”
Prior to joining Foot Locker, Mr. Talwar held several senior
executive positions at online jewelry retailer, Blue Nile Inc.,
where he built its international business from scratch and
established a customer-focused culture that led to strong revenue
growth. Earlier in his career, Mr. Talwar held various executive
roles within Nike, Inc., the Bill, Hillary & Chelsea Clinton
Foundation, Bain & Company and Deloitte & Touche LLP.
“Vijay is a strong leader with a track record of leading complex
multinational businesses through significant periods of change. His
retail and ecommerce experience, which spans both publicly and
privately held companies, will be invaluable to Wish as the company
continues to refocus its efforts and execute on its ambitious
turnaround plan,” said Piotr Szulczewski. “His appointment
represents a significant inflection point in Wish’s journey - we’re
excited for him to get started.”
This latest appointment follows a series of new C-suite hires at
Wish, which include Vivian Liu as the new Chief Financial Officer
(formerly CFO of Shutterfly, Inc.), as well as former Google
executives Farhang Kassaei and Tarun Jain, who were named Chief
Technology Officer and Chief Product Officer, respectively.
To learn more about Wish, please visit www.wish.com.
About Wish:
Wish brings an affordable and entertaining shopping experience
to millions of consumers around the world. Since our founding in
San Francisco in 2010, we have become one of the largest global
ecommerce platforms, connecting millions of value-conscious
consumers around the world to over half a million merchants. Wish
combines technology and data science capabilities and an innovative
discovery-based mobile shopping experience to create a highly
visual, entertaining, and personalized shopping experience for its
users. For more information about the company or to download the
Wish mobile app, visit www.wish.com or follow @Wish on Facebook,
Instagram and TikTok or @WishShopping on Twitter and YouTube.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact could be deemed forward-looking, including, but
not limited to, statements regarding Wish's CEO transition and
integration of the new CEO, outlook, priorities, expectations
regarding partnerships (including merchant relationships), business
operations, growth initiatives and opportunities, and the strategic
execution of Wish’s turnaround plan. In some cases, forward-looking
statements can be identified by terms such as “anticipates,”
“believes,” “could,” “estimates,” “expects,” “foresees,”
“forecasts,” “guidance,” “intends” “goals,” “may,” “might,”
“outlook,” “plans,” “potential,” “predicts,” “projects,” “seeks,”
“should,” “targets,” “will,” “would” or similar expressions and the
negatives of those terms. These forward-looking statements are
subject to risks, uncertainties, and assumptions. If the risks
materialize or assumptions prove incorrect, actual results could
differ materially from the results implied by these forward-looking
statements. New risks emerge from time to time. It is not possible
for our management to predict all risks, nor can we assess the
impact of all factors on our business or the extent to which any
factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements we may make. Further information on these and additional
risks that could affect Wish’s results is included in its filings
with the Securities and Exchange Commission (“SEC”), including its
most recent Annual Report on Form 10-K and Quarterly Report on Form
10-Q, and future reports that Wish may file with the SEC from time
to time, which could cause actual results to vary from
expectations. Any forward-looking statement made by Wish in this
news release speaks only as of the day on which Wish makes it. Wish
assumes no obligation to, and does not currently intend to, update
any such forward-looking statements after the date of this
release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220131005789/en/
Media contact: Carys Comerford-Green, Wish
press@wish.com
Investor contact: ir@wish.com
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