Hot online retailer on the hunt for CFO
Boxed, which sells bulk groceries, household products and other items online, is losing its financial head.
Boxed announced that its CFO, Naeem Ishaq, is resigning to take on a CFO role in a different sector. His last day will be March 23, Boxed told Chain Store Age. The news comes amid Boxed’s recent rejection of a $400 million acquisition offer from Kroger. The online retailer is pursuing a new funding round to remain private.
The company has already started its search for a new financial lead.
Ishaq joined Boxed two years ago. Prior to joining the company, Ishaq was head of finance, strategy, and risk at Square, the mobile-based financial services company. He also worked at Intel Corp., where he held several operational finance and strategic planning roles.
Ishaq also was the senior director of finance and strategy at Salesforce.com, where he led the company's long range planning, supported all significant mergers and acquisitions activity, and headed finance and strategy activities for Salesforce.com's acquired standalone businesses like Heroku and Radian6.
“Over the last two years, Naeem has been indispensable in helping build and grow Boxed to what it is today,” Boxed CEO Chieh Huang said in a statement shared with Chain Store Age.
“We will miss his energy, focus and enthusiasm for our company. Perhaps his greatest legacy is building a well-versed finance team that will continue to focus on evolving the Boxed platform,” Huang said. "I want to thank Naeem for his contribution to Boxed, and wish him well on his future endeavors."
Boxed announced that its CFO, Naeem Ishaq, is resigning to take on a CFO role in a different sector. His last day will be March 23, Boxed told Chain Store Age. The news comes amid Boxed’s recent rejection of a $400 million acquisition offer from Kroger. The online retailer is pursuing a new funding round to remain private.
The company has already started its search for a new financial lead.
Ishaq joined Boxed two years ago. Prior to joining the company, Ishaq was head of finance, strategy, and risk at Square, the mobile-based financial services company. He also worked at Intel Corp., where he held several operational finance and strategic planning roles.
Ishaq also was the senior director of finance and strategy at Salesforce.com, where he led the company's long range planning, supported all significant mergers and acquisitions activity, and headed finance and strategy activities for Salesforce.com's acquired standalone businesses like Heroku and Radian6.
“Over the last two years, Naeem has been indispensable in helping build and grow Boxed to what it is today,” Boxed CEO Chieh Huang said in a statement shared with Chain Store Age.
“We will miss his energy, focus and enthusiasm for our company. Perhaps his greatest legacy is building a well-versed finance team that will continue to focus on evolving the Boxed platform,” Huang said. "I want to thank Naeem for his contribution to Boxed, and wish him well on his future endeavors."