ContextLogic Inc. announced the appointment of Vijay Talwar as Chief Executive Officer, 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. 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.