ContextLogic CFO Brett Just resigns; Altai's Michael Scarola appointed new CFO effective June 30, 2025

ContextLogic Inc.

CFO Brett Just resigns effective June 30, 2025; not due to any disagreement with the company.
Just receives severance: lump sum of 6 months base salary, 6 months benefits premiums, and accelerated equity vesting.
Michael Scarola appointed CFO effective June 30; previously CFO/COO/CCO at Altai Capital (17-year tenure).
Scarola's compensation: $450k base salary; RSUs valued at ~$179k vesting 50% Nov 15, 2025 and 50% May 15, 2026.
CEO Rishi Bajaj cites strategy to streamline business and pursue value maximization through organic growth and M&A.

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