Instacart released a statement today regarding its CEO and Chair, Fidji Simo:

"In the coming months, Fidji Simo will be leaving Instacart to become CEO of OpenAI Applications, reporting to founder and CEO Sam Altman. Instacart's Board has consistently conducted succession planning exercises and expects that the company's new CEO, who will be announced soon, will be one of its highly talented senior executives. Continuing in her role as CEO, Fidji 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.

Today's announcement is not a reflection of any changes in our 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. On our earnings call last week, we delivered strong Q1'25 results and a solid Q2'25 financial outlook. We continue to expect Q2'25 GTV to be between $8.85 and $9.0 billion, representing year-over-year growth between 8% to 10%. We also continue to expect year-over-year advertising & other revenue growth to modestly outpace our anticipated GTV growth as well as Adjusted EBITDA of $240 to $250 million." - Instacart said in a statement

This blog post contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including without limitation statements regarding our financial outlook and succession planning. These forward-looking statements are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements, including those described from time to time in our filings with the Securities and Exchange Commission. Except as required by law, we undertake no obligation, and do not intend, to update these forward-looking statements.