At a Glance

  • Business holding company ContextLogic announced on Monday that Scott Stewart, a former executive at Intercontinental Exchange, hasbeen appointed Chief Financial Officer (CFO) and Chief Operating Officer (COO), effective immediately.
  • Stewart will succeed interim finance chief Chad Chevalier. Chevalier, also a veteran of Ernst & Young, assumed the role in January 2026 following the departure of former CFO Michael Scarola in December 2025, according to company securities filings.took over the position。
  • Stewart joins Oakland, California-based ContextLogic after a 13-year tenure at Intercontinental Exchange, the owner of stock and commodity exchanges including the New York Stock Exchange. The company's Monday press release stated that his "career has built the exact experience the company needs today," including "acquiring businesses, integrating them seamlessly, and building financial infrastructure in a public company context."

Deep Dive

Before joining ContextLogic, Stewart spent four years as CFO at Cantaloupe, a software development and payments company. According to his LinkedIn profile, he joined Cantaloupe in 2020 as Chief Accounting Officer before being promoted to CFO. During his time at Intercontinental Exchange, he served as assistant controller, and he began his career at Big Four accounting firm Ernst & Young.

The appointment comes as ContextLogic seeks to build out its executive leadership team after a turbulent two-year transition from an e-commerce entity to a business holding company. ContextLogic, formerly the parent company of e-commerce platform Wish, sold itsmajority of operating assets and liabilities。

for $161 million in cash in April 2024. Following the sale, the company continued to operate as a public company under the ticker LOGC and held $2.7 billion in net operating loss carryforwards, according to a press release at the time.

The company has experiencedmultiple executive changes, including the simultaneous departures in December 2025 ofCFO Scarola and CEO Rishi Bajaj, according to filings with the U.S. Securities and Exchange Commission at the time. The company has not yet named a successor for Bajaj and is currently led by President Mark Ward.

Earlier this year, the company marked the completion of its "evolution from an e-commerce company to a distinctive commercial ownership platform" through the acquisition of salt processor US Salt Parent Holdings, a deal that valued US Salt at $907.5 million, according to a February 26 press release.

ContextLogic is also continuing to address material weaknesses in US Salt's internal controls that it identified before closing the acquisition,noting that remediation is a priority, as mentioned in its Q&A for first-quarter fiscal 2026 results released on May 15.

"Management, under the oversight of the Audit Committee, is actively designing and implementing the necessary controls, processes, and personnel structure," the company said in the Q&A. "We view this as a normal and expected part of integrating a long-time private company into a public company structure."

In the first quarter, ContextLogic reported non-GAAP net income of $17 million, an increase of $14.1 million from $2.9 million in the same period last year.