Blue Apron shares soar after replacing CEO

FAN Editor

Shares of Blue Apron soared Friday, a day after the meal-kit company announced that co-founder Matt Salzberg stepped down as CEO.

Continue Reading Below

The move comes less than six months after Blue Apron became a public company. Its stock is down nearly 70 percent since the end of June, and the company announced layoffs in October that cut 6 percent of its workforce.

The New York company said late Thursday that Salzberg was replaced as CEO by Chief Financial Officer Brad Dickerson. Salzberg, who co-founded the company 5 years ago, will be the company’s executive chairman and will remain chairman of the board. The company is searching for a new chief financial officer.

Shares of Blue Apron Holdings Inc. rose 23 cents, or 7.7 percent, to $3.22 in morning trading.

Free America Network Articles

Leave a Reply

Next Post

Stocks turn sharply lower after ex-Trump adviser Flynn pleads guilty, says he will cooperate with Russia probe

Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by […]