Management ChangeJun 1, 2026, 04:15 PM
ContextLogic Appoints Scott Stewart as CFO & COO; Interim CFO Resigns
AI Summary
ContextLogic Holdings Inc. announced the appointment of Scott Stewart, 53, as its new Chief Financial Officer and Chief Operating Officer, effective June 1, 2026. Stewart previously served as CFO at Cantaloupe, Inc. and held various roles at Intercontinental Exchange, Inc., including Assistant Controller. Concurrently, Interim CFO Chad Chevalier resigned, effective June 1, 2026, with no disagreements cited. Stewart's compensation includes a $400,000 base salary, a target annual bonus of 37.5% of base, and significant RSU grants.
Key Highlights
- Interim CFO Chad Chevalier resigned from ContextLogic, effective June 1, 2026.
- Scott Stewart, 53, appointed CFO and COO of ContextLogic, effective June 1, 2026.
- Stewart previously served as CFO at Cantaloupe, Inc. and Assistant Controller at Intercontinental Exchange, Inc.
- Stewart's annual base salary set at $400,000.
- Eligible for an annual bonus with a target of 37.5% of base salary.
- Received a new hire award of 50,000 restricted stock units (RSUs).
- Eligible for annual refresh grants of not less than 25,000 RSUs for up to five years.
- Severance package includes 6-12 months base salary and benefit premiums, plus equity acceleration.
Price Impact
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