Instacart Taps Facebook App Head Fidji Simo as Its New CEO

Instacart reached into Facebook’s upper ranks in shopping for a new CEO, tapping longtime veteran Fidji Simo, who had been head of the social network’s flagship application. Simo will assume her new role Aug. 2, and founder and current CEO Apoorva Mehta will transition to executive chairman of the grocery delivery service’s board of directors….
Instacart reached into Facebook’s upper ranks in shopping for a new CEO, tapping longtime veteran Fidji Simo, who had been head of the social network’s flagship application. Simo will assume her new role Aug. 2, and founder and current CEO Apoorva Mehta will transition to executive chairman of the grocery delivery service’s board of directors….