Instacart Appoints New CEO and Expands Stock Buyback Program

Instacart has appointed Chris Rogers as its new CEO, effective August 15. Rogers, a current insider, will replace Fidji Simo, who is leaving to join OpenAI. The company also announced an expanded partnership with The Trade Desk and a stock buyback program.

Instacart has announced significant changes in its leadership and strategic partnerships. Effective August 15, Chris Rogers will take over as the company's new CEO, replacing Fidji Simo, who is stepping down to join OpenAI as CEO of Applications. Rogers, a current insider, brings extensive experience in business and technology to the role [1].

In addition to the leadership change, Instacart has expanded its partnership with The Trade Desk, a leading digital advertising platform. This partnership aims to enhance the company's advertising capabilities and reach more consumers. The expanded partnership will allow Instacart to leverage The Trade Desk's technology and expertise to improve its advertising services and connect brands directly with consumers [1].

The company has also initiated a stock buyback program, which involves repurchasing shares from the open market. This program is designed to return value to shareholders and potentially increase the stock price by reducing the number of outstanding shares. The details of the buyback program, including the number of shares to be repurchased and the timeline, have not been disclosed yet [1].

Instacart's new CEO, Chris Rogers, will participate in a fireside chat hosted by Goldman Sachs at the Communacopia & Technology Conference on September 10, 2025. The event will provide investors and financial professionals with an opportunity to hear from Rogers directly about the company's future plans and strategies [1].

References:
[1] https://www.marketscreener.com/news/instacart-ceo-to-participate-in-fireside-chat-hosted-by-goldman-sachs-ce7c5cd9df8df122