Is Blue Apron's New CEO Focusing on the Right Things?

Is Blue Apron's New CEO Focusing on the Right Things?

Investors seem optimistic that a new CEO can improve the fortunes of Blue Apron (NYSE: APRN).

The meal-delivery company announced on Nov. 30 that co-founder Matt Salzberg was stepping down as CEO, and CFO Brad Dickerson was stepping in to replace him. Salzberg will be executive chairman. The news moved shares up 8% the day after the announcement.

Salzberg is the second co-founder to remove himself of executive duties following Blue Apron's June IPO. Matt Wadiak left his COO seat open back in July. Ilia Papas remains the only co-founder involved in day-to-day operations with his position as chief technology officer.

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Source: Fool.com