Blue Apron (APRN, $1.04) shares soar +16%, following news of CEO Brad Dickerson's resignation

Blue Apron shares jumped +16% on Wednesday, on news that the meal-kit company’s CEO Bradley Dickerson has resigned.

Dickerson became CEO only a few months after the company went public in 2017. Following his resignation, Dickerson will be replaced by Linda Kozlowski. Kozlowski served as chief operating officer of Etsy from May 2016 to December 2018. 

The company has been struggling with sluggish sales for a while, and its shares are down nearly -90 percent since its IPO.  

Blue Apron also announced that chief technology officer Ilia Papas will be leaving the company in May.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.