- Simo will succeed Instacart founder Apoorva Mehta on Aug. 2, and Mehta will transition to executive chairman of the board.
- Simo is among the highest-ranking female executives at Facebook, after COO Sheryl Sandberg and Chief Business Officer Marne Levine.
- Amid the coronavirus pandemic, Instacart has become one of the most valuable private companies in the U.S.
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