BUZZ-Instacart CEO Simo steps down; shares down

Reuters

2025/05/08

** Shares of grocery delivery platform Instacart CART.O down ~4% at $43.92 in early trade

** CEO Fidji Simo to step down to join OpenAI as its chief of applications

** Instacart to name new CEO soon, Simo to stay on as Chair to support the transition, she said in an email to employees.

** Simo will start her new job at OpenAI later this year

** Including session moves, stock up ~7% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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