Matt Salzberg, CEO and co-founder of Blue Apron, is stepping down from his position with the company. Former CFO Brad Dickerson will replace Salzberg and join the board of directors of the company, of which Salzberg will continue to serve as Chairman. With Dickerson leaving the role of CFO, the company has already started looking for someone to fill this position.
“It has been a tremendous honor to serve as the CEO of Blue Apron since founding the company, and I am incredibly proud of everything our team has accomplished together in just five years,” said Salzberg. “We’ve made meaningful progress toward our top company priorities. Since we completed the transition of volume to our fulfillment center in Linden, New Jersey less than two months ago, our most recent On-Time-In-Full rates have improved to be in line with our other fulfillment centers. Additionally, as expected, our margins since the end of the third quarter have significantly improved.”
“The Board and I are confident that Brad is the right person to build on this momentum,” Salzberg continued. “He is a seasoned leader with significant experience working with the public markets, operating efficiently at scale, and delivering value to shareholders. We are lucky to have him as our next CEO.”
Dickerson, 52, started working with Blue Apron in February of 2016. Previously, he was working with Under Armour, where he held the position of both CFO and COO for almost 11 years. With Under Armour, he helped advance the company’s growth strategy, leading strong teams that elevated Under Armour from $200 million to $4 billion in net revenue. He was also involved in driving the company’s global supply chain which included multiple distribution channels.
“I know that I speak for everyone at Blue Apron in thanking Matt for his leadership and tireless dedication to the company,” said Dickerson. “I am incredibly excited to assume this new role and for the future of the company. We have an exceptionally talented team at Blue Apron that is focused on taking decisive actions to transform the business, continuing to innovate our product in new and diverse ways, and unlocking future growth opportunities. We remain confident in our previously stated financial guidance for the second half of 2017, and I believe we are taking the right steps to move the business forward.”
There seems to be a wave of restaurant founders stepping down from their roles, Salzberg being the latest in this series. Chipotle Mexican Grill’s CEO Steve Ells recently exited from his position; Panera’s Ron Shaich also revealed that he is quitting as the CEO of the company.