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Instacart CEO Fidji Simo. Photo by AP

Instacart’s Executive Revolving Door Spins Faster

Photo: Instacart CEO Fidji Simo. Photo by AP

It’s a good thing Instacart’s leaders decided to put off plans to go public. Today’s news that company president Carolyn Everson is departing after just three months won’t help the grocery-delivery service turn the page on what has been a year of turmoil in its management ranks. Grappling with the frequent executive reshuffles while preparing to go public—which earlier this year was expected to occur this quarter—would have proved complicated, to say the least.

Since January, Instacart has hired a new CFO, COO, president and CEO—Fidji Simo, who succeeded founder Apoorva Mehta—along with a host of lower-level staffers. With so many new faces, some casualties aren’t surprising. Everson wasn’t the first to flame out. Max Eulenstein, who joined Instacart in April as a product vice president before Simo became CEO, left within a few months. Meanwhile, another, longer-tenured senior executive, ad sales chief Seth Dallaire, recently departed for Walmart. Instacart, notably, isn’t planning on replacing Everson: Perhaps Simo realized the executive suite had become a bit crowded? (For the inside story on what happened with Everson, check out The Information’s just-published scoop).

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