ContextLogic Inc. (OTC: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today announced the appointment of Michael Scarola as Chief Financial Officer, effective June 30, 2025.
“We are thrilled to appoint Michael Scarola to the position of Chief Financial Officer. This appointment reflects our strategy to streamline our business as much as possible while we pursue value maximization through organic growth and accretive acquisitions.” said Rishi Bajaj, Chief Executive Officer.
Mr. Scarola currently serves as the Chief Financial Officer, Chief Operating Officer, and Chief Compliance Officer of Altai Capital, and has developed a wide array of back-office skills and knowledge over his 17-year career. At Altai Capital, Mr. Scarola is primarily responsible for all non-investment functions including fund accounting, compliance, operations, legal, information technology and investor relations.
“Rishi and I have worked together for over 14 years at Altai Capital. I am excited to bring my skillset to bear at ContextLogic in order to ensure the Company continues to operate smoothly while it pursues its transformation,” said Mr. Scarola.
Prior to joining Altai Capital in 2011, Mr. Scarola served as an Associate in the Financial Services Taxation practice at KPMG. Mr. Scarola received a Bachelor of Science degree in Commerce with Concentrations in Accounting and Finance from the University of Virginia, McIntire School of Commerce in 2008. He is also a Certified Public Accountant.
Mr. Scarola will report directly to the Company’s CEO, Rishi Bajaj.
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