SAN FRANCISCO,
April 16,
2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the
leading grocery technology company in North America, today announced that
Victoria Dolan, former CFO of
Revlon, has joined the company's Board of Directors. Dolan is a
seasoned financial expert and business leader with more than 30
years of experience in the consumer packaged goods (CPG) and retail
industries. Separately, after years of dedicated service,
Jeff Jordan, General Partner at
Andreessen Horowitz, and Barry
McCarthy, President and Chief Executive Officer of Peloton,
will retire from Instacart's Board of Directors when their terms
expire at the company's 2024 Annual Meeting of Stockholders.
"Victoria's decades of experience and deep understanding of the
CPG and retail industries will be invaluable as we continue to
introduce new technology solutions for our partners. We have a bold
vision to build the technologies that power every single grocery
transaction, and Victoria's expertise will be an incredible asset
as we continue to transform the grocery shopping experience," said
Instacart CEO and Chair Fidji Simo. "I also want to thank Jeff and
Barry for their immeasurable contributions to Instacart. They both
brought unparalleled expertise to our Board of Directors as we've
grown and entered the public market, and we're grateful for their
years of support."
Dolan's professional experience spans strategic planning,
finance, supply chain, and operations at several respected
companies. She served as CFO of Revlon for nearly five years, and
prior to that, she spent nearly 10 years at Colgate-Palmolive,
serving as the company's Chief Transformation Officer, Corporate
Controller and Principal Accounting Officer, and Colgate-Palmolive
Europe's Vice President of Finance and Strategic Planning. Prior to
Colgate-Palmolive, Dolan held multiple management positions with
Marriott International, Inc. and The Coca-Cola Company. She
currently sits on the Board of Directors for Stericycle, a company
specializing in regulated waste management and compliance services,
and advises several nonprofits on various financial-related
matters.
"I'm thrilled to join Instacart's Board of Directors," said
Dolan. "The CPG and retail industries have changed significantly
over the last several decades, but never more so than over the last
few years. In today's business environment, companies in this space
need a technology partner they can trust to continue to deliver for
them and their customers in new ways — and I firmly believe that
Instacart is that company. I'm looking forward to working with
Fidji and the rest of the Board of Directors to bring this
company's ambitious vision to life."
Jordan's and McCarthy's Board terms expire at Instacart's 2024
Annual Meeting of Stockholders, and they will not stand for
re-election. Jordan joined Instacart's Board of Directors in 2014,
advising the company from its early start-up days through its
public market debut in September
2023. McCarthy joined Instacart's Board of Directors in
2021, advising the company during a critical period of maturation
as it charted a path to sustained, profitable growth. Instacart
expects that Dolan will replace McCarthy as Chair of its Audit
Committee of the Board of Directors, effective as of its 2024
Annual Meeting of Stockholders.
In addition to Dolan, Jordan and McCarthy, Instacart's Board of
Directors also currently includes Instacart CEO and Chairperson
Fidji Simo; Ravi Gupta, Partner at
Sequoia Capital; Meredith Kopit
Levien, President and CEO of The New York Times Company;
Michael Moritz, Former Partner at
Sequoia Capital; Lily Sarafan,
Co-founder and Executive Chair of The Key; Frank Slootman, Chairman
of Snowflake; and Daniel Sundheim,
Founder and CIO of D1 Capital Partners.
About Instacart
Instacart, the leading grocery
technology company in North
America, works with grocers and retailers to transform how
people shop. The company partners with more than 1,500 national,
regional, and local retail banners to facilitate online shopping,
delivery and pickup services from more than 85,000 stores across
North America on the Instacart
Marketplace. Instacart makes it possible for millions of people to
get the groceries they need from the retailers they love, and for
approximately 600,000 Instacart shoppers to earn by picking,
packing and delivering orders on their own flexible schedule. The
Instacart Platform offers retailers a suite of enterprise-grade
technology products and services to power their e-commerce
experiences, fulfill orders, digitize brick-and-mortar stores,
provide advertising services, and glean insights. With Instacart
Ads, thousands of CPG brands – from category leaders to emerging
brands – partner with the company to connect directly with
consumers online, right at the point of purchase. With Instacart
Health, the company is providing tools to increase nutrition
security, make healthy choices easier for consumers, and expand the
role that food can play in improving health outcomes. For more
information, visit www.instacart.com/company, and to start
shopping, visit www.instacart.com.
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SOURCE Maplebear Inc. dba Instacart