announced Matthew Wadiak would step down from his position as COO of the company in a shakeup of company executives.
Wadiak, one of Blue Apron’s co-founders, will move to an advisory role, according to a news release from the company.
Shares of Blue Apron dropped after the news was released. The company fell 1.33% in after-market trading, erasing gains made earlier in the day.
“His contributions to the company have been immeasurable and we thank Matt for his unwavering dedication over the past five years,” CEO Matt Salzberg said in the release. No reasons were given in the release for his step back…