Instacart CEO stepping away from company
Instacart CEO and Chair Fidji Simo is leaving the company in the coming months to become CEO of OpenAI Applications, reporting to founder and CEO Sam Altman. Instacart expects to announce which current senior executive will succeed Simo as CEO in the near future.
Simo will work closely with the management team to ensure a smooth transition over the next few months. She will also remain chair of the Instacart board to support the company’s new CEO.
The company said this announcement is not a reflection of any changes in its business or operations.
"We’re off to a strong start in 2025 as we continue to execute on our vision of building the technologies that power the future of grocery for our partners," the company said. "On our earnings call last week, we delivered strong Q1 2025 results and a solid Q2 2025 financial outlook."
Instacart expects Q2 2025 gross transaction value to be between $8.85 and $9 billion, representing year-over-year growth between 8 percent and 10 percent. The company also continues to expect year-over-year advertising and other revenue growth to modestly outpace its anticipated gross transaction value growth as well as adjusted EBITDA of $240 to $250 million.
