Wix.com Names Mark Tluszcz Chairman of the Board and Ron Gutler Lead Independent Director

TEL AVIV, Israel, Feb. 24, 2016 (GLOBE NEWSWIRE) -- Leading web development platform Wix.com (Nasdaq:WIX) has named Mark Tluszcz as the company’s Chairman of the Board and Ron Gutler as the company’s Lead Independent Director. 

These appointments come due to the company’s decision to separate the positions of Chairman and Chief Executive Officer, both of which Avishai Abrahami held, in order to enable the CEO to devote his time, skills and expertise to the development of new products and technologies and drive continued growth of the company.

Mark Tluszcz is the Co-Founder and CEO of Mangrove Capital Partners, a venture capital firm based in Luxembourg that Mark founded in 2000.  Mr. Tluszcz has been a Director of Wix since June 2010 and served as the company’s lead independent director from October 2013 to February 2016.  He was named to the Forbes Midas List in 2007, 2008 and 2009 as one of the top 100 global dealmakers in technology and selected in 2012 and 2014 as one of the 100 most influential persons in Luxembourg.  Mr. Tluszcz was the first investor in Skype and had the privilege of being involved with the company until it was sold to eBay for $3 billion in 2005.  Mr. Tluszcz also serves on the boards of FreedomPop, a new wave mobile services company based in Los Angeles, and JobToday, a mobile platform revolutionizing the job recruitment industry that is based in Luxembourg.  Outside of Mangrove Capital Partners, Mr. Tluszcz sits on the boards of Galenicum, a leading European generic drug company, and the Mangrove Foundation, a philanthropic organization.  He holds a Bachelor of Arts degree with honors from Eckerd College in St. Petersburg, Florida.

Ron Gutler has served as a member of our board of directors since July 2013. From May 2002 through February 2013, he served as the Chairman of NICE Systems Ltd. (Nasdaq:NICE), a public company specializing in voice recording, data security, and surveillance.  Between 2000 and 2011, Mr. Gutler served as the Chairman of G.J.E. 121 Promoting Investment Ltd., a real estate company, and between 2000 and 2002, he managed the Blue Border Horizon Fund, a global macro fund.  Mr. Gutler is a former Managing Director and Partner of Bankers Trust Company, which is now part of Deutsche Bank. He also established and headed the Israeli office of Bankers Trust.  Mr. Gutler is currently a director of CyberArk (Nasdaq:CYBR).  Mr. Gutler holds a Bachelor of Arts in economics and international relations and an MBA, both from the Hebrew University in Jerusalem.

Avishai Abrahami co-founded Wix in 2006 and has lead its development from a start-up to a global leader in cloud-based web development and a publicly traded company. To recognize his significance in the creation and near decade-long leadership of the company, Mr. Abrahami has been appointed Honorary Chairman of the Board. 

These appointments were effective as of February 9, 2016.

About Wix.com Ltd.
Wix.com is a leading cloud-based web development platform with over 80 million registered users worldwide. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, professionals and individuals to take their businesses, brands and workflow online. The Wix Editor and highly curated App Market enable users to build and manage a fully integrated and dynamic digital presence. Wix's headquarters are in Tel Aviv with offices in San Francisco, New York, Miami, Vilnius and Dnepropetrovsk.

Media Relations:
Vivian Hernandez
+1 415.517.6539

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