San Francisco, CA, June 16, 2021 -- Wine.com, the nation’s leading online wine retailer, today announced the appointment of Derek Yung as Chief Financial Officer.
Yung brings over two decades of leadership experience scaling e-commerce and marketplace businesses. He most recently served as CFO of eHealth (NASDAQ: EHTH) where he led the company’s finance, strategy and corporate development functions. Over his three years at eHealth, Yung helped the company grow revenue over 200% and more than triple its stock price. Prior to eHealth, Yung served as CFO at Hotwire, TicketFly, Tria Beauty and NexTag, where he built a foundation in direct-to-consumer companies.
“Wine.com is transforming how consumers discover and shop for wine,” said Yung. “I am excited to be a part of this chapter of the company’s growth and fulfilling our mission to inspire the wine lifestyle, through innovation.”
“We’re thrilled to have Derek join our team,” said Rich Bergsund, Wine.com CEO. “His expertise will be enormously helpful to us as we take our business and organization to the next level!”
Yung began his career as a management consultant at Accenture, where he helped Fortune 500 clients develop and implement technology-enabled business strategies. He received an MBA from Northwestern University’s Kellogg School of Management, and a bachelor’s degree in computer science from Stanford University.
About Wine.com
Wine.com offers selection, guidance and convenience not found in stores – helping customers discover the incredible world of wine with confidence. Live chat sommeliers provide friendly advice and customers receive unlimited shipping all year by joining StewardShip. Wine.com was recently named Wine Enthusiast’s Retailer of the Year. For more information, visit the company’s website at www.wine.com or download its app in the Apple Store or Google Play.
Forward-looking statements
This press release contains forward-looking statements that relate to management’s plans and objectives for future operations, business prospects, and other matters. Any forward-looking statement made in this press release speaks only as of the date on which it is made. Wine.com undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Actual events or results may differ materially from those described herein due to a number of risks and uncertainties. Wine.com cautions that these statements are subject to risks and uncertainties, many of which are outside of Wine.com’s control and could cause future events or results to be materially different from those stated or implied in this press release, or to not occur at all. Given these uncertainties, you should not place undue reliance on these forward-looking statements.