Benzinga | Aug 2, 2021 12:17PM EDT

ContextLogic Appoints Former Google Executive Tarun Jain As Chief Product Officer

* Mobile eCommerce platform ContextLogic Inc (NASDAQ:WISH) (d/b/a Wish) has appointed Tarun Jain to the newly created position of Chief Product Officer, effective immediately.

* Jain will report directly to Wish Founder and CEO Piotr Szulczewski. Jain will lead Wish's product organization and build out a product strategy and roadmap that aligns with the company's strategic goals.

* Jain was most recently Director of Product Management at Alphabet Inc's (NASDAQ:GOOGL) Google since 2017, where he incubated and led the development of Discovery Ads.

* He holds an M.B.A. from the Indian School of Business and a B.Tech. from the Indian Institute of Technology.

* "He will play a vital role in the evolution of our existing products, while also driving the development of innovative new products and revenue streams to fuel further growth," said CEO Piotr Szulczewski.

* Jain's appointment follows the recent announcement in July about the appointment of Farhang Kassaei, formerly a Senior Director at Google, to the newly created position of Chief Technology Officer.

* Price action: WISH shares are trading higher by 3.07% at $10.25 on the last check Monday.