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Blue Apron Shuffles Management and appoints CEO as a Survival Strategy

04/04/2019

Blue Apron has appointed Linda Findley Kozlowski as CEO, replacing Brad Dickerson who has resigned. She has 25 years experience and was most recently COO of Etsy.

Matthew Wadiak, a co-founder of Blue Apron is stepping down from his role as COO and will become an advisor to the company.

Tim Smith will serve as Senior Vice President and General Manager for consumer products, a newly-created role. Smith is an alumnus of Tyson Foods where he served as General Manager for the emerging brands group.

Pablo Cussati, Senior Vice President of Operations. Cussati has experience at Pinnacle Foods, the Campbell Soup Company and PepsiCo. In announcing the change, Salzberg noted the contribution of Matt Wadiak as a driving force for the Blue Apron mission to make home cooking accessible to everyone.

Ilia Papas, co-founder and chief of technology will also leave the Company.

The 52-week range in share price of Blue Apron is $0.65 to $4.15. At midday following the announcement of management changes, the share price was $1.03 supporting a market capitalization of $200 million. The company posted a 12-month trailing return on assets of -16.1 and -71.2 percent on equity. The 12-month trailing profit margin is -18.3 percent with an operating margin of -16.8 percent.