Boxed CFO Leaves In Wake Of Alleged Takeover Rejection

Boxed is facing an executive-level shakeup with the departure of Naeem Ishaq, CFO of the online wholesaler, according to Fast Company. He is the third executive to part ways with the retailer in recent months, following Behzad Soltani, VP of B2B in February 2018, and CMO Heather Mayo in September 2017.

The latest exit takes place one week after Boxed reportedly rejected a $400 million takeover bid from Kroger, according to Bloomberg. The retailer had also held preliminary talks with Amazon, Target and Costco, but those retailers didn’t submit a bid. At the NRF Big Show in January, Boxed CEO…