Hellofresh names Fabien Simon CFO

Hellofresh names Fabien Simon CFO

Meal kit delivery giant HelloFresh has agreed to pay $7.5 million to settle allegations of deceptive subscription practices in California [1]. The settlement, announced by district attorneys in Los Angeles and Santa Clara counties, follows a lawsuit alleging that HelloFresh enrolled customers into auto-renewing subscription plans without proper disclosure or consent.

Prosecutors alleged that HelloFresh failed to clearly disclose subscription terms, obtain affirmative consent before charging customers, and provide an easy mechanism to cancel subscriptions. The company also faced accusations of false advertising, including misrepresentations about free meals and shipping offers [1].

HelloFresh admitted no liability in the settlement. The company stated that its policies were fair and that it had cooperated fully with the coalition of California District Attorneys. The settlement includes $6.38 million in civil penalties for the prosecuting agencies and $1 million in restitution for eligible California consumers who were charged for the first shipment without their knowledge or consent [1].

The settlement comes as HelloFresh names Fabien Simon as its new CFO. Simon, previously the company's COO, will take on the role effective immediately [2]. This appointment follows the departure of the previous CFO, who left the company earlier this year [2].

References:
[1] https://www.yahoo.com/news/articles/hellofresh-pay-7-5m-california-171054961.html
[2] https://www.yahoo.com/news/articles/hellofresh-names-fabien-simon-cfo-171054962.html