Blue Apron’s finance chief Randy Gerben will be stepping down from his position on October 17, 2022, to pursue another opportunity.
The company has appointed Mitchell Cohen as its interim chief financial officer in Gerben’s place. Cohen brings more than 30 years of financial, operations, and general business experience.
“Randy has played an important role at Blue Apron as we developed our new strategy to pursue growth alongside a path to profitability,” said Linda Findley, Blue Apron’s president and chief executive officer. “I’d like to thank him for his contributions on behalf of everybody at Blue Apron. We wish him the very best in his future endeavors.”
“Mitch will be an asset to Blue Apron during this transitional period given his extensive public company experience and understanding of subscription and eCommerce models,” Findley added. “As we continue to balance growth, our planned path to profitability, and managing through inflationary periods, Mitch’s decades of experience can help us continue to execute The Next Course strategy outlined earlier this year.”
Gerben’s departure comes at a time when Blue Apron’s business is starting to recover after losing 17% of its stock value this year. Over the past three months, the company’s stock has improved by 61%.
Following the announcement, the meal kit company’s stock value tumbled by 6.5%.