Instacart Appoints Josh Silverman to Board of Directors

Instacart has appointed Josh Silverman to its Board of Directors. Silverman is a seasoned leader with experience leading marketplace and technology companies, including serving as CEO of Etsy and President of Consumer Products and Services at American Express. He has also held executive roles at eBay, Skype, and Shopping.com, and is the co-founder of Evite. Silverman received his B.A. and M.B.A. from Brown University and Stanford University Graduate School of Business.

Instacart (NASDAQ: CART) has announced the appointment of Josh Silverman to its Board of Directors. Silverman brings extensive experience in leading marketplace and technology companies. He served as CEO of Etsy from May 2017 and previously held executive positions at American Express, Skype, and eBay. He also co-founded Evite, a digital greeting card platform [1][2][3].

Silverman's appointment adds significant marketplace expertise to Instacart's board, which includes prominent leaders such as Chris Rogers (CEO), Fidji Simo (OpenAI executive and Chairperson), and executives from companies like REI, The New York Times, and Sequoia Capital [1][2][3].

Instacart partners with more than 1,800 retail banners across North America, facilitating online shopping, delivery, and pickup services from nearly 100,000 stores through its marketplace. The company provides technology products and services to retailers while connecting approximately 600,000 Instacart shoppers with consumers [1][2][3].

Instacart's strong financial health is evident with a 74.8% gross profit margin and a robust cash position exceeding its debt obligations [2]. The company reported strong second-quarter earnings, exceeding expectations and continuing its trend of surpassing the high end of its gross transaction value (GTV) and adjusted EBITDA guidance [2].

Analysts have revised earnings estimates upward for Instacart, with several firms raising their price targets based on the company's robust performance. Bernstein SocGen Group and Bernstein raised their price targets to $63, BMO Capital increased its target to $58, and Needham raised its target to $66 [2].

Silverman joins Instacart at a pivotal moment for the company, which is transforming how millions of people shop for groceries. "Josh is a proven marketplace innovator with a track record of scaling consumer platforms," said Chris Rogers, Instacart’s Chief Executive Officer [3].

References:
[1] https://www.stocktitan.net/news/CART/instacart-appoints-josh-silverman-to-board-of-ipm6u1h1z8qy.html
[2] https://www.investing.com/news/company-news/instacart-appoints-etsy-ceo-josh-silverman-to-board-of-directors-93CH-4195366
[3] https://www.morningstar.com/news/pr-newswire/20250815sf52216/instacart-appoints-josh-silverman-to-board-of-directors