There's No Fixing Blue Apron, New CEO or Not

There's a phrase about rearranging deck chairs on the Titanic that is meant to describe a pointless exercise in the face of impending catastrophe. That's the equivalent of meal-kit delivery service Blue Apron (NYSE: APRN) announcing that the company's co-founder and CEO was stepping down in favor of having someone new fill the position.

Blue Apron co-founder Matt Salzberg resigned his dual posts of president and CEO at the end of November, and in his place, CFO Brad Dickerson was appointed to the posts. With Dickerson being placed on the board of directors, Salzberg was made the company's executive chairman and continues to serve as chairman of the board of directors.

Image source: Blue Apron.

Source: Fool.com