Facebook Executive Fidji Simo Appointed As Instacart CEO, Ahead Of Expected IPO
- ByStartupStory | July 10, 2021
Facebook executive Fidji Simo appointed as Instacart CEO, ahead of expected IPO as per announcement. Instacart Founder and CEO Apoorva Mehta, said, “Fidji was at Facebook during its transition from a private company to the public market and understands what it takes to lead and scale a transformational company like Instacart.”
“I’m honored to join the company as CEO and lead its next growth chapter. Apoorva founded Instacart 10 years ago with an ambitious vision to bring an entire industry online…As we think about the future of food, we believe the way people eat and their relationship with food will fundamentally change over the next decade. They’ll expect a more convenient experience, the widest selection of food at their fingertips, faster delivery times, increased personalisation, and more inspiration,” Fidji stated. who joined Instacart’s Board of Directors in January 2021.
With the appointment made effective on August 2, Fidji replaces Apoorva, who will transition to Executive Chairman of the Board. Apoorva stated she will remain engaged in the business on a day-to-day basis and will partner with Fidji on long-term and strategic moves. Both of them will be reporting to the company’s Board of Directors.
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