Blue Apron (NYSE:APRN) has announced that founder Matt Salzberg will be stepping down from his position as CEO. The meal kit company confirmed on Thursday that Brad Dickerson will be replacing Salzberg as CEO, and that Salzberg will be taking on the role of executive chairman.

Here’s what Salzberg had to say:

“It has been a tremendous honor to serve as the CEO of Blue Apron since founding the company and I am incredibly proud of everything our team has accomplished together in just five years.”

He added, “We’ve made meaningful progress toward our top company priorities. Since we completed the transition of volume to our fulfillment center in Linden, New Jersey less than two months ago, our most recent On-Time-In-Full rates have improved to be in line with our other fulfillment centers. Additionally, as expected, our margins since the end of the third quarter have significantly improved.”

While it’s true that Blue Apron (who has a market cap of $568M) has faced a number of problems since going public, Salzberg noted that he is “confident that Brad is the right person to build on this momentum,” adding that Dickerson is a “seasoned leader with significant experience working with the public markets.”

What do you think? Do you think a new CEO will help this company get back on its feet?

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