Greben Brings Over Two Decades of Experience in
Finance, E-Commerce Operations, and Strategic Planning
Blue Apron Holdings, Inc. (NYSE: APRN) announced that Randy J.
Greben has been named Chief Financial Officer and Treasurer,
effective January 6, 2021.
Greben brings more than 20 years of finance and e-commerce
operations experience to his new role, including a record of
implementing strategic growth and scaling initiatives. As Chief
Financial Officer, he will be responsible for Blue Apron’s
financial and treasury functions, reporting to President and Chief
Executive Officer Linda Findley Kozlowski.
“Randy has helped drive growth in new business operations across
different sales channels, while also implementing strategies to
efficiently manage business operations. We believe that his
experience across direct-to-consumer, e-commerce, and the food
industry will be an asset to our senior management team and finance
department,” said Kozlowski. “I look forward to Randy’s
contributions in 2021 as we continue to build on our 2020 progress
and the execution of our growth strategy.”
Prior to joining Blue Apron, Greben was Senior Vice President,
Chief Financial Officer at ANN Inc., which was a subsidiary of
Ascena Retail Group, Inc. In his role, he oversaw corporate and
brand finance, strategic planning, e-commerce product management,
credit and loyalty programs, and several new business activations
for the Ann Taylor, LOFT, and Lou & Grey brands. Greben also
oversaw strategy implementation for multiple new business ventures,
including the omni-channel launch for factory and outlet stores,
and a next generation digital loyalty program.
Prior to ANN Inc., Greben served for approximately four years
first as Chief Financial Officer and then as Chief Financial
Officer and General Manager at Quidsi, which was a subsidiary of
Amazon.com and a business best known for its flagship websites
Diapers.com, Soap.com, and Wag.com. While there, he led
approximately 1,300 associates across four locations in finance,
accounting, tax, inventory management, operations, logistics, and
customer care. At Quidsi, Greben helped develop a business strategy
to drive growth and profitability. Prior to Quidsi, Greben served
as central finance director for Tesco's U.S. venture, Fresh &
Easy Neighborhood Markets, Inc., and held multiple finance roles at
Taco Bell, a YUM! Brands company.
“Blue Apron has built a solid foundation and made progress
against its growth strategy over the past year and a half,” said
Greben. “As a fan of the brand and its mission, I am excited to
work with Linda, the entire Blue Apron team, and the Board of
Directors to help drive the next phase of the company’s growth
strategy as it leans into product innovation, scale and marketing
investment.”
Greben received a Bachelor of Science in Hotel and Restaurant
Administration from Cornell University and a Master of Business
Administration from the University of California, Irvine – Paul
Merage School of Business.
About Blue Apron
Blue Apron’s vision is “better living through better food.”
Launched in 2012, Blue Apron offers fresh, chef-designed recipes
that empower home cooks to embrace their culinary curiosity and
challenge their abilities to see what a difference cooking quality
food can make in their lives. Through its mission to spark
discovery, connection and joy through cooking, Blue Apron
continuously focuses on bringing incredible recipes to their
customers, while minimizing its carbon footprint, reducing food
waste, and promoting diversity and inclusion.
Forward-Looking Statement
This press release includes statements concerning Blue Apron
Holdings, Inc. and its future expectations, plans and prospects
that constitute "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. For this
purpose, any statements contained herein that are not statements of
historical fact may be deemed to be forward-looking statements. In
some cases, you can identify forward-looking statements by terms
such as "may," "should," "expects," "plans," “forecasts,”
"anticipates," "could," "intends," "target," "projects,"
"contemplates," "believes," "estimates," "predicts," "potential,"
or "continue," or the negative of these terms or other similar
expressions. Forward-looking statements in this press release
include, but are not limited to, statements relating to the
Company’s plans to execute on its growth strategy. The Company’s
expectations and beliefs regarding these matters may not
materialize, and actual results are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected. Factors that could contribute to such
differences include, without limitation, the company achieving its
expectations with regards to its expenses and net revenue; its
ability to grow adjusted EBITDA and to achieve or maintain
profitability; the continued sufficiency of the company’s cash
resources; the company’s need for additional financing; its ability
to effectively manage expenses and cash flows, and its ability to
remain in compliance with the financial and other covenants under
the company’s indebtedness; its ability, including the timing and
extent, to sufficiently manage costs and to fund investments in
operations from cash from operations or additional financings in
amounts necessary to continue to support the execution of the
company’s growth strategy; its ability, including the timing and
extent, to successfully execute the company’s growth strategy,
cost-effectively attract new customers and retain existing
customers, continue to expand its direct-to-consumer product
offerings and continue to benefit from the implementation of
operational efficiency practices; its ability to sustain the
increased demand resulting from the COVID-19 pandemic and to retain
new customers; any material and adverse impact of the COVID-19
pandemic on the company’s operations and results, including as a
result of the company’s inability to meet demand due to loss of
adequate labor, whether as a result of heightened absenteeism or
challenges in recruiting and retention or otherwise, prolonged
closures, or series of temporary closures, of one or more
fulfillment centers and supply chain or carrier interruptions or
delays; changes in consumer behaviors that could lead to declines
in demand, both as COVID-19 related restrictions continue to be
lifted to varying degrees across the United States, and/or consumer
fears dissipate, and/or as a result of the COVID-19 pandemic’s
impact on financial markets and economic conditions, including on
consumer spending habits; achieving its expectations regarding the
benefits and expected costs and charges associated with temporarily
reopening its Arlington fulfillment center; its ability to maintain
and grow the value of the company’s brand and reputation; its
expectations regarding, and the stability of, its supply chain,
including potential shortages or interruptions in the supply or
delivery of ingredients, as a result of COVID-19 or otherwise; its
ability to maintain food safety and prevent food-borne illness
incidents and its susceptibility to supplier-initiated recalls; its
ability to accommodate general changes in consumer tastes and
preferences or in consumer spending; its ability to effectively
compete; its ability to attract and retain qualified employees and
key personnel in sufficient numbers; its ability to comply with
modified or new laws and regulations applying to its business;
risks resulting from its vulnerability to adverse weather
conditions, natural disasters and public health crises, including
pandemics; its ability to obtain and maintain intellectual property
protection; and other risks more fully described in the company’s
Quarterly Report on Form 10-Q for the quarter ended September 30,
2020 filed with the Securities and Exchange Commission (“SEC”) on
October 29, 2020, and in other filings that the company may make
with the SEC in the future. The company assumes no obligation to
update any forward-looking statements contained in this press
release as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210104005696/en/
Contacts for Blue Apron Investor Contact
investor.relations@blueapron.com Joseph Jaffoni, Richard Land,
James Leahy JCIR aprn@jcir.com or 212-835-8500 Media Contact
Muriel Lussier Blue Apron muriel.lussier@blueapron.com
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