[03 April/Bloomberg]

Linda Findley Kozlowski replaces Brad Dickerson as the new CEO of Blue Apron Holdings Inc, a meal-kit delivery company. The incorporation soared as much as 24 percent in early trading Wednesday after the announcement, with shares now values at USD$1.20 (approx. NZD $1.80). Blue Apron also affirmed its outlook for “significant improvement” in financial results. Blue Apron lost USD$61.4 million (approx. NZD $91 million0 in 2018 on an adjusted EBITDA basis after a host of issues including fulfilment centre issues and an ill-timed IPO. At the end of 2018, Blue Apron had 557,000 customers. Mrs Kozlowski’s appointment is effective on 08 April, with Mr Dickerson having resigned to pursue other opportunities.