Instacart’s co-founder Apoorva Mehta checks out – TechCrunch

One year ago Instacart co-founder Apoorva MehtaHe resigned as the chief executive at the grocery delivery company and was appointed executive chairman. NowAs his company, which he started almost a decade back, prepares for an IPO, MehtaHe will step down as executive chair and leave the board of directors when the company goes public.

“Since I transitioned from CEO to Executive Chairman a year ago, I realized that I want to pursue a new mission and I want to do it with the same singular focus that I had while building Instacart,” MehtaWrite on Twitter. “Stepping off the board will allow me to do just that.”

InstacartIn a press release, the company confirmed the news. saidThat Fidji SimoA former FacebookExecutive who assumed the role of CEO InstacartWhen MehtaThe role was vacated and he will take over as the executive chairman.

Simo quote tweeted Mehta’s announcement and thanked him “for all he has done for Instacart over the last decade.” InA press release by she saidThat “as CEO and future Chair, I look forward to working alongside our retail partners to shape the next decade of grocery’s evolution.”

InstacartAccording to the company’s board of directors, “Meredith Kopit Levien, President and Chief Executive Officer of The New York Times Company; Lily Sarafan, Co-Founder and Executive Chair of TheKey; Barry McCarthy, President and Chief Executive Officer of Peloton; Daniel Sundheim, Founder and Chief Investment Officer of D1 Capital Partners; Frank Slootman, Chairman and Chief Executive Officer of Snowflake; Michael Moritz, Managing Member of Sequoia Capital; and Jeff Jordan, General Partner of Andreessen Horowitz.”

FoundersMany people transition to executive chairman positions as their companies grow, pivot, or require new leadership. This is often the case when a business goes public from a private start-up. ThinkYou can think of the transition as a shift from being involved in daily decisions to overseeing broader strategies from time-to-time. Mehta’s plan to leave an already distant role may mean competitive dynamics are afoot between InstacartHis “new mission”He was referring to it. InstacartQuestions about competitive dynamics at play were not addressed. Mehta’s departure could also just be a clean break after rising tensions between him and the board that he once appointed.

Instacartevidently going through an executive reshuffle. Prior CTO Mark SchaafI am leaving the company TechCrunch reported. AdditionallyThe U.S. grocery delivery giant has recently promoted the brand. Daniel Danker Laura JonesVice Presidents of Product and Marketing to Chief Product Officer and Chief Marketing Officer, respectively. InstacartIt also promoted its vice president for engineering. Varouj Chitilian, to the CTO job.