Instacart names Chris Rogers as CEO after Fidji Simo's exit for OpenAI

Instacart on Wednesday appointed business chief Chris Rogers as its new CEO, less than a month after OpenAI announced CEO Fidji Simo as its new head of applications. Shares were flat. Rogers, who joined Instacart in 2019, will start Aug. 15 and join the board of directors. Simo will retain her chair position to "smooth the transition," the company said. "Over the last four years, we've transformed Instacart into a growing, profitable, leading technology platform that's helping reshape the grocery industry," Simo said in a release. "We're building a generational company at the intersection of technology and food, and Chris is the right leader for our next chapter." OpenAI announced this month that it had recruited Simo to lead its applications team, reporting directly to CEO Sam Altman. At the time, Altman said in a post that Simo would "focus on enabling our 'traditional' company functions to scale as we enter a next phase of growth." She joined the artificial intelligence startup ... Read full article.