FILE PHOTO: Blue Apron CEO Matthew B. Salzberg stands on the floor of the New York Stock Exchange waiting for for the company’s IPO in New York, U.S., June 29, 2017. REUTERS/Lucas Jackson
(Reuters) -Blue Apron Holdings Inc said on Wednesday its co-founder and chairman Matthew Salzberg has resigned from the board of the meal kit delivery company to focus on other business interests.
Jennifer Carr-Smith, a current independent board member, will succeed Salzberg, the company said.
Blue Apron also said it was looking to raise $78 million in equity, including a $3 million private placement with Salzberg, to fund growth and raise wages for hourly employees.
Salzberg co-founded Blue Apron in 2012 and served as its chief executive until 2017.