AUSTIN, Texas--(BUSINESS WIRE)--Newgistics, a leading provider of end-to-end commerce solutions for top retailers and brands, today announced that it has named Todd Everett as President and CEO, and Ben Wade as Executive Vice President and CFO, effective January 1, 2016. They will be replacing Bill Razzouk and Michael Twomey, who served as CEO and CFO respectively, and will both be retiring at the end of the year.
Everett and Wade were carefully selected to lead Newgistics and continue delivering on a long-term vision for the company that they helped define – enabling retailers and brands to make the most of every possible customer touchpoint. In their new roles, they will be charged with leading the company to advance the delivery of seamless commerce solutions that encompass everything from the design and development of digital commerce technologies, to the physical world with fulfillment, shipping and returns solutions.
“For more than a decade, Todd Everett has demonstrated his capacity to assume greater and greater levels of responsibility while producing outstanding results along the way. He’s the right person to lead Newgistics through its next phase of rapid growth,” said Razzouk, who will remain Chairman of Newgistics’ Board of Directors. “Todd’s experience – and the key roles he’s played within the company – will provide our customers and our team with a level of continuity that will help to execute on the vision we’ve defined for the future of eCommerce.”
Everett has held key roles on Newgistics leadership team since joining the company in 2005 as Director of Operations. Most recently, he served as General Manager and Chief Operating Officer for the company’s parcel and fulfillment business, overseeing record growth. In that role, he was responsible for all aspects of operations and sales for Newgistics’ parcel shipping and fulfillment solutions, and oversaw the company’s facilities, postal relationship, transportation network, and the development and execution of the sales strategy. Before joining Newgistics, Everett spent nine years at Intel Corporation, where he was responsible for the company’s outsourced transportation and logistics functions for North and South America.
“The world of global commerce is rapidly evolving and we’re only at the beginning of the digital commerce revolution,” said Everett. “As CEO, Bill Razzouk has put Newgistics in a unique position to be a company that leads the way in empowering retailers to bridge the gap between their digital and physical operations. I’m honored and excited to keep charging forward in the development and delivery of outstanding services to our customers.”
As the company’s new CFO, Ben Wade will help lead Newgistics through a period of hyper growth. Wade joined Newgistics in 2013 as Vice President and Controller, and since that time has worked with and supported its finance and management teams. Before joining Newgistics, Wade founded and served as CFO of ProspX, a technology company that helps manage sales processes in the commercial insurance industry. Earlier in his career, he was finance director at Trilogy, and was an audit manager at PricewaterhouseCoopers.
Newgistics is jointly owned by management and Littlejohn & Co.
About Newgistics, Inc.
Newgistics, a leading provider of
parcel delivery and returns management for top retailers and brands,
combines logistics and leading omni-channel commerce technology into a
complete E-Commerce solution. Since 1999, Newgistics has provided
leading brands with commerce technology and logistics solutions that use
digital experiences to build deep and meaningful connections with
consumers to accelerate growth. We help retail brands grow with
seamless, omni-channel commerce solutions. From digital commerce
development, integration and support to physical operations all the way
to your customer’s doorstep, we help you outpace the competition like no
other service provider. For more information, please visit www.newgistics.com.
About Littlejohn & Co.
Littlejohn & Co. is a Greenwich,
Connecticut- based private equity firm investing in middle-market
companies that are undergoing a fundamental change in capital structure,
strategy, operations or growth that can benefit from its operational and
strategic approach. The firm is currently investing from Littlejohn Fund
V, L.P., which has $2 billion in capital commitments. For more
information, visit www.littlejohnllc.com.
