Blue Apron appoints new president, CEO
Dec. 1, 2017
by Monica Watrous
Brad Dickerson has been named president and CEO of Blue Apron Holdings.
NEW YORK — Brad Dickerson has been named president and CEO of Blue Apron Holdings Inc. Previously the company’s CFO, Dickerson replaces co-founder Matt Salzberg, who has stepped down as president and CEO and has been named executive chairman. The company is searching for a new CFO.
Salzberg was CEO of Blue Apron since its founding in 2012.
“We’ve made meaningful progress toward our top company priorities,” Salzberg said. “Since we completed the transition of volume to our fulfillment center in Linden, New Jersey, less than two months ago, our most recent On-Time-In-Full rates have improved to be in line with our other fulfillment centers. Additionally, as expected, our margins since the end of the third quarter have significantly improved.
“The board and I are confident that Brad is the right person to build on this momentum. He is a seasoned leader with significant experience working with the public markets, operating efficiently at scale, and delivering value to shareholders. We are lucky to have him as our next CEO.”
Blue Apron co-founder Matt Salzberg has stepped down as president and CEO and has been named executive chairman.
Prior to joining Blue Apron in February 2016, Dickerson held senior leadership roles at Under Armour. During his 11-year tenure at the sports apparel company, Under Armour advanced from $200 million to $4 billion in net revenue. Dickerson has a bachelor of science in accounting from the Univ. of Akron and a master of business administration from Loyola University Maryland.
“I know that I speak for everyone at Blue Apron in thanking Matt for his leadership and tireless dedication to the company,” Dickerson said. “I am incredibly excited to assume this new role and for the future of the company. We have an exceptionally talented team at Blue Apron that is focused on taking decisive actions to transform the business, continuing to innovate our product in new and diverse ways, and unlocking future growth opportunities. We remain confident in our previously stated financial guidance for the second half of 2017, and I believe we are taking the right steps to move the business forward.”