Latest news with #ChrisRogers
Yahoo
6 days ago
- Business
- Yahoo
Meet Fidji Simo's replacement as Instacart CEO: A former Apple director who helped drive iPhone market adoption
Instacart on Wednesday announced the replacement for CEO Fidji Simo, who helped bring the delivery company to a successful IPO in 2023. Simo will be succeeded by Chris Rogers, who previously served as a managing director for Apple Canada, where he helped bring iPhone adoption to market. Earlier this month, OpenAI announced it had hired Instacart CEO Fidji Simo to be its first CEO of Applications, a role Sam Altman carved out for her, overseeing product offerings and business operations. Although it was expected Simo would remain at the delivery company for 'a few months' while the board found her successor, Instacart announced Wednesday it had already found her replacement: Chris Rogers. Simo had joined Instacart in January 2019 as a board member and became CEO seven months later, replacing Apoorva Mehta. Simo helmed the company through its September 2023 IPO, having helped to raise $660 million to bring the company's valuation to nearly $10 billion. Its market cap today is about $12.3 billion and its stock price is up nearly 10% since the start of 2025. Considering Instacart's success, Simo's departure came as a surprise to many—and she admitted as much in a memo to Instacart employees. Still, the OpenAI offer is one she couldn't refuse. In the memo, she said she has 'a passion for AI and in particular the potential it has to cure diseases' and that 'the ability to lead such an important part of our collective future was a hard opportunity to pass up.' Simo had joined OpenAI's board last year. 'Fidji is exceptional,' Altman wrote in a May 8 X post. 'We have worked together on OpenAI for the past year and I have observed her deep commitment to our mission. I cannot imagine a better new team member to help us scale the next 10x (or 100x, let's see).' OpenAI wasn't expecting to announce Simo's appointment as soon as it did, blaming a media leak. At the time, the company said she would join OpenAI 'later this year,' but it's unclear whether she'll join sooner now that Instacart has already named her replacement. OpenAI didn't immediately answer a Fortune query about when Simo will join the company. On Wednesday, Instacart announced it had named Chris Rogers as CEO, effective Aug. 15, and Simo will remain chair of the board 'to ensure a smooth transition,' according to the company. Rogers joined Instacart in 2019 and currently serves as chief business officer, overseeing commercial operations like retailer relationships and expansions, ad sales, research and development, partnerships, mergers and acquisitions, Instacart Business, and Instacart Health. He hasn't always been in the grocery business, but has a 20-year career in consumer goods, technology, retail, and media. Rogers was most recently a managing director of Apple Canada, where he built and executed a country-specific strategy that drove iPhone adoption in the market. He had spent nearly 11 years at Apple, holding several roles like head of consumer retail and head of carrier channels for Canada. But Rogers actually started his career at consumer-goods giant Procter and Gamble, where he led relationships with Canada's largest national grocery retailers. He was there until 2008. Rogers also sits on the board of consumer goods and retail analytics company Spins, and is a board member of the Ad Council. Rogers 'brings the kind of vision, operational excellence, and customer obsession that will help Instacart play an even bigger role in people's lives,' Simo said in a statement. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Box Q1 beat, Bank of Montreal earnings, Instacart's next CEO
Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Box (BOX) soaring on its first quarter earnings beat, Bank of Montreal ( BMO) topping estimates as higher lending income was one key component that boosted earnings, and Instacart (CART) — which operates as Maplebear, Inc. — taps Chris Rogers as its next CEO. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
Fast Company
6 days ago
- Business
- Fast Company
Instacart names its current Chief Business Officer Chris Rogers as next CEO
Chris Rogers, Instacart's current chief business officer, is taking over as the delivery giant's next CEO, the company announced on Wednesday. Rogers, who has worked at Instacart since 2019, will take the helm from Fidji Simo on August 15. Simo, who ushered the company through a successful market debut (stock prices are up 53% since its 2023 IPO) after taking the top spot in 2021, will become CEO of applications at OpenAI. 'We chose Chris because the company needs a leader who understands all our partners deeply, has immense operational experience, and can mobilize teams around our vision,' Simo wrote in a note to employees. 'Chris knows this company. He helped shape it. And I know Chris will carry our mission forward with conviction, care, and ambition.' Simo previously told employees the top role would be filled by a member of Instacart's management team. In his current role, Instacart said Rogers 'oversees all aspects of the company's commercial operations—including retailer relationships and expansions, ad sales and R&D, partnerships, mergers and acquisitions, Instacart Business, and Instacart Health—with a focus on driving growth at the intersection of brands, retailers, and technology.' Prior to joining Instacart, Rogers spent nearly 11 years at Apple as the managing director for Apple Canada. He also led Apple's carrier channel business and the consumer retail business in Canada. Rogers will be tasked with continuing to grow orders despite ongoing macroeconomic concerns. The company reported first quarter financial results earlier this month, posting strong order growth and total revenue. However, its burgeoning advertising segment where food companies pay for placement in the app could see problems as new tariffs and regulations impact the ad spend. Rogers said in a blog post that the company's strategy and vision wouldn't change.
TechCrunch
6 days ago
- Business
- TechCrunch
Instacart appoints chief business officer Chris Rogers as new CEO
Instacart announced on Wednesday that its chief business officer, Chris Rogers, has been appointed as the company's new CEO. The appointment is effective August 15. Rogers will also join Instacart's Board of Directors. The announcement comes a few weeks after Instacart CEO Fidji Simo shared that she's stepping down to join OpenAI as CEO of Applications. Simo will remain Chair of the Board at Instacart. In his role as Chief Business Officer, Rogers oversaw Instacart's retailer relationships and expansions, Ad Sales and R&D, Partnerships, Mergers & Acquisitions, Instacart Business, and Instacart Health. Rogers joined Instacart in 2019 after nearly 11 years at Apple, where he served as the Managing Director for Apple Canada. He began his career at Procter and Gamble, where he led relationships with Canada's largest national grocery retailers, Instacart says. 'Instacart sits at the center of how people shop, eat, and care for their families — and that's always been what inspires me most about our mission,' Rogers said in a press release. 'Together with our partners, we're transforming the future of grocery shopping, but more importantly, we're helping people solve real, everyday needs. We have a world-class team, deep partnerships, leading technology, and a bold vision for the future, and I'm honored to step in and lead Instacart's next chapter.' In a blog post, Rogers said that Instacart's vision will remain the same under his leadership, and that the company will continue to focus on its 'unwavering commitment to growing the pie for retailers and brands.' He also said that Instacart will work to provide more flexible earnings opportunities for shoppers on its platform. In a letter to employees, Simo stated that Rogers has played a critical role in shaping Instacart and that she will continue to work with him over the coming months to allow for a smooth transition. Techcrunch event Join us at TechCrunch Sessions: AI Secure your spot for our leading AI industry event with speakers from OpenAI, Anthropic, and Cohere. For a limited time, tickets are just $292 for an entire day of expert talks, workshops, and potent networking. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW 'We chose Chris because the company needs a leader who understands all our partners deeply, has immense operational experience, and can mobilize teams around our vision,' Simo wrote. 'Chris knows this company. He helped shape it. And I know Chris will carry our mission forward with conviction, care, and ambition. I couldn't be more excited for him to step into the role of CEO and lead Instacart's next phase of growth.'
Yahoo
02-05-2025
- Business
- Yahoo
Instacart grows ecommerce footprint with Wynshop acquisition
You can find original article here Supermarketnews. Subscribe to our free daily Supermarketnews newsletter. Instacart has purchased grocery tech company Wynshop, the San Francisco-based last-mile delivery company announced Thursday. The Fort Lauderdale-based company provides ecommerce tools and technologies for grocers like Wakefern and Pattison Food Group, among more than a dozen others. The acquisition builds on Instacart's Storefront Pro technology, which enables retailers to build their own digital storefronts with custom landing pages. That tech platform, which Instcart's describes as its flagship ecommerce solution, is already used by some 600 retail banners, including Costco, Publix, Sprouts, Stew Leonard's, and Gelson's Market. Instacart said the acquisition—the terms of which were not immediately disclosed—'aims to strengthen its enterprise solutions and empower more retailers to enhance their online experiences and further engage their customers.' The announcement was made prior to their Q1 earnings call set for Thursday evening. Instacart said in the press release that Wynshop will operate as a wholly owned subsidiary at first, but Instacart will eventually expand its own tech Wynshop's partners. That tech includes ecommerce, advertising, fulfillment, and in-store solutions. Chris Rogers, chief business officer at Instacart, said in a press release that the grocery delivery company's integration with retailers gives it a critical advantage in the market. 'By offering our partners an array of enterprise-grade solutions, we can help them better serve customers and drive sales,' Rogers said. 'By acquiring Wynshop, we're building upon our retailer relationships, adding new capabilities to Storefront Pro, and over time, bringing our enterprise solutions to even more partners to help them grow their business.' Wynshop CEO Neil Moses said the acquisition will help the company elevate its ecommerce capabilities. 'Joining Instacart gives us the opportunity to scale our impact and accelerate innovation with a partner that shares our commitment to helping retailers succeed in an increasingly omnichannel grocery landscape,' Moses said. **Join us at Grocery NEXT, September 10-12 at the Westin Chicago Northwest in Itasca, Ill., where industry leaders will explore the future of grocery technology, AI, automation and evolving consumer trends. Register now to be part of this groundbreaking event!
