Instacart, the food technology company facilitating grocery delivery, announced on Friday that the CEO, Fidji Simo, has been appointed as chair of the board of directors after working at the company for nearly one year. The change will go into effect once the founder and executive chairman, Apoorva Mehta transitions off the board, set to coincide with Instacart’s IPO.
“Apoorva created a company that is transforming the grocery industry. His hard work and dedication brought Instacart into the homes of millions of customers. He poured his heart and soul into Instacart, and we thank him enormously for everything he has done for the company,” said Instacart board member Jeff Jordan, in a statement. “Since Fidji joined last year as CEO, she has ushered in a new chapter for Instacart. Fidji’s role as CEO and future Chair is a testament to the Board’s unwavering confidence in her strategic vision for Instacart. I am extremely optimistic about the company’s future.”
As the chair, Simo will assume the leadership of the company’s board of directors. Mehta noted her skill in ushering Instacart into the future, praising her drive.
“We have a high-caliber leadership team with Fidji at the helm, and I’m excited about her vision for the company and the expanded role Instacart can play for retailers for years to come. I remain confident in the enormous opportunity ahead and will always be a supporter of the team and company,” Mehta said.
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