On February 9, 2016, Wix.com Ltd. announced its decision to separate the positions of Chairman and Chief Executive Officer, currently both held by Avishai Abrahami, in order to enable the CEO to fully devote his time, skills and expertise to the continued growth of the company. Effective February 9, 2016, Mark Tluszcz has been appointed the Non-Executive Chairman of the board of directors of the company. Avishai Abrahami was appointed as Honorary Chairman in recognition of his importance for the creation and development of the company.

In addition, effective February 9, 2016, Mr. Gutler replaced Mr. Tluszcz as the company's new Lead Independent Director. As required under Israeli law, effective February 9, 2016, Mr. Tluszcz resigned as a member of the compensation committee.