Newgistics CEO and CFO retire, replaced internally

Newgistics, an end-to-end commerce solutions provider for retailers and brands, promoted two internal executives to fill the president and CEO role and the exec-VP and CFO position. Current CEO Bill Razzouk and current CFO Michael Twomey are both retiring at the end of the year.

Todd Everett, currently general manager and COO for Newgistics' parcel and fulfillment business, will fill Razzouk's shoes as president and CEO. Razzouk will remain chairman of the board of directors.

Everett has been with the company since 2005 when he joined as director of operations. Prior to Newgistics, he worked for Intel Corporation for nine years, leading outsourced transportation and logistics functions in North and South America.

"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," Razzouk said. "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 e-commerce."

To fill the CFO role, Newgistics chose Ben Wade, who joined the company in 2013 as VP and controller. Previously, he founded technology company ProspX and served as CFO. Wade was also a finance director at Trilogy and an audit manager at PricewaterhouseCoopers earlier in his career.

Everett and Wade will take on their new roles on Jan. 1, 2016. Both are responsible for executing the long-term vision of Newgistics and advancing the delivery of seamless commerce solutions, including everything from design and development of digital commerce technologies, to the physical functions like fulfillment, shipping and returns solutions. Press Release

Suggested Articles

Costco changes up its menu items, and Alibaba and Guess partner for a physical store.

Janey Whiteside, Walmart's new chief customer officer, is well acquainted with the importance of customer service in modern retail.

Whole Foods will offer deals on Amazon's Prime Day, and tariffs against China are causing pricing hikes.