Is Blue Apron's New CEO Focusing on the Right Things?
Investors seem optimistic that a new CEO can improve the fortunes of Blue Apron (NYSE: APRN).
The meal-delivery company announced on Nov. 30 that co-founder Matt Salzberg was stepping down as CEO, and CFO Brad Dickerson was stepping in to replace him. Salzberg will be executive chairman. The news moved shares up 8% the day after the announcement.
Salzberg is the second co-founder to remove himself of executive duties following Blue Apron's June IPO. Matt Wadiak left his COO seat open back in July. Ilia Papas remains the only co-founder involved in day-to-day operations with his position as chief technology officer.
Source: Fool.com
