Blue Apron

Shares of Blue Apron Holdings (APRN - Get Report) soared Wednesday after the meal-kit company announced that CEO Bradley Dickerson has resigned.

The stock was rising 6.8% to $1.03. Prior to Wednesday, shares declined 5% year to date and 46.2% over the past 52 weeks. The company went public in 2017 at $10 a share.

Blue Apron said Dickerson will be replaced by Linda Kozlowski, who served as chief operating officer of Etsy from May 2016 to December 2018. Kozlowski will begin at Blue Apron on April 8.

Kozlowski's starting salary was set at $250,000 a year, and she will receive $3 million in stock awards, according to The Wall Street Journal.

Blue Apron also said Ilia Papas, chief technology officer, will be leaving the company in May.

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