Instacart names former Uber executive chief financial officer

Instacart has named Emily Reuter to serve as chief financial officer, succeeding Nick Giovanni, who resigned from the position on May 7, according to the San Francisco, Calif.-based last-mile delivery company’s Q1 earnings report.

Reuter, 40, is a former executive of Uber Technologies, where she served in a variety of positions. She joined Instacart in January as vice president of finance. 

At Uber, Reuter served as vice president, head of corporate finance, from February to November of 2023. She was vice president, chief financial officer of mobility, from May 2021 to January 2023, and served as head of investor relations from September 2019 to November 2020.  

She joined Uber in May of 2014 and held various roles including IPO lead. 

The announcement comes one day after Instacart announced a new partnership with Uber to include its Uber Eats restaurant delivery service on Instacart’s smartphone app and online portal. 

The partnership is Instacart’s foray into the restaurant delivery world, but Uber Eats couriers will still deliver restaurant orders and Instacart couriers will deliver grocery orders, the company said on Tuesday. 

The earnings report noted that Reuter will earn $500,000 annually and be granted a restricted stock unit award of 123,153 shares of the Instacart common stock.

“I joined Instacart because of its clear leadership position within online grocery and its impressive vision for the future of grocery technology. I'm now even more confident in our ability to capture our share with a massive market opportunity ahead,” Reuter said during the earnings call.