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.