Instacart CEO Leaving for OpenAI

<p>OpenAI is hiring Fidji Simo &&num;8212&semi; the CEO of grocery delivery firm Instacart &&num;8212&semi; to be the new CEO of OpenAI Applications&period;<&sol;p>&NewLine;<p class&equals;"mb-sm last&colon;mb-0">Simo will report directly to Sam Altman&comma; who will remain the CEO of OpenAI and will continue to oversee the company&&num;8217&semi;s three pillars – Research&comma; Compute&comma; and Applications – ensuring they stay aligned and integrated across all areas&period;<&sol;p>&NewLine;<p class&equals;"mb-sm last&colon;mb-0">Applications brings together a group of existing business and operational teams responsible for how OpenAI research reaches and benefits the world&period; Simo has been an OpenAI board member over the past year&period; She will transition from her role at Instacart over the next few months and join OpenAI later this year&period;<&sol;p>&NewLine;<p><em>Simo sent the email below last night to Instacart employees&period; You can read it in full here&colon;<&sol;em><&sol;p>&NewLine;<p>Hi team – I want to share an important update with you that I will be leaving Instacart in the coming months to take on a new role as CEO of OpenAI Applications&comma; leading the product&comma; business&comma; and other company functions&period;<&sol;p>&NewLine;<p>Let me start by saying this was an incredibly hard decision because I love this company&period; We are operating incredibly well as our last earnings results have shown&period; Our strategy is working and this team is top notch&comma; which makes it very hard to leave&period;<&sol;p>&NewLine;<p>At the same time&comma; you all know my passion for AI generally and in particular for the potential it has to cure diseases — the ability to lead such an important part of our collective future was a hard opportunity to pass up&period; I only feel comfortable doing this because Instacart is on an excellent track and in great hands with a stellar management team&period;<&sol;p>&NewLine;<p>I want to be clear that this change is not immediate&period; I’m not going anywhere for a couple of months&period; Our board regularly conducts succession planning exercises&comma; and we expect the new CEO will be announced soon and will be an existing member of our management team&period; I’ll remain CEO and work closely with my successor and our leadership team to ensure a smooth handoff&period; I’ll also stay on as Chair of the Board to support our next CEO&period;<&sol;p>&NewLine;<p>I also want to apologize for how unexpected this may feel&period; This is not how I planned for you all to hear this news&comma; but a media leak unfortunately expedited the timeline by several weeks&period;<&sol;p>&NewLine;<p>Leading Instacart and being on this journey with you has been an honor&period; From resetting growth in the post-pandemic years and proving to the world that we could be profitable&comma; to successfully taking this company public and hitting &dollar;1B in an annual advertising &amp&semi; other revenue run rate&comma; to expanding to restaurants and transforming the in-store experience with Caper Carts&comma; and even just this week launching a completely new app&comma; Fizz&comma; in record time  — we have proven that we can take any challenges and turn them into massive opportunities&period; I’m deeply proud of the work we’ve done together and even more excited about the road ahead&period;<&sol;p>&NewLine;<p>Tomorrow&comma; I’ll host a Town Hall where we can talk about this in more detail and I can answer your questions&period; Thank you so much – looking forward to talking to you all tomorrow&period;<&sol;p>&NewLine;<p>Fidji&period;<&sol;p>&NewLine;

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