Munchery Welcomes Food, Retail, and Consumer Heavyweights to Board of Directors

SAN FRANCISCO, CA, Sep 09, 2016 (Marketwired via COMTEX) — Ron Burkle and Jeff Housenbold Add Supply Chain & E-Commerce Expertise to Drive Mission of Scaling Quality Food.

SAN FRANCISCO, CA–(Marketwired – Sep 9, 2016) – Munchery, the leader in high-quality meal delivery, welcomes Ron Burkle and Jeff Housenbold to its board of directors. Burkle will also lead the board as chairman. The new additions further strengthen Munchery’s expertise across the entire food supply chain and e-commerce verticals at the board level as the company looks to build on the recent expansion of its Ready-to-Eat and Ready-to-Cook meal offerings across the country.

Burkle is widely recognized as one of the preeminent investors in retail, manufacturing, distribution and hospitality. Housenbold brings extensive experience leading hyper-growth companies, building premium lifestyle brands and driving profitable growth at multinational e-commerce companies including eBay and, most recently, as president and CEO of Shutterfly.

“Ron’s deep knowledge of the food supply chain and Jeff’s success in seamlessly merging online and offline retail experiences will be invaluable to Munchery as we continue to scale food nationwide,” said Tri Tran, Munchery co-founder and CEO. “We’ll draw on their insights to keep improving our online and offline customer experience and growing efficiently as we enter new markets.”

Burkle is the founder of The Yucaipa Companies, an investment firm focused on companies in distribution, logistics, food, retail and hospitality. He has invested widely in the grocery industry with stakes in Whole Foods, Wild Oats, Golden State Foods, Dominick’s, Fred Meyer, Ralphs and Food4Less. He has also served on the board of numerous organizations including Yahoo! , KB Home KBH +0.84% and the J. Paul Getty Trust, and as the Co-Chairman of the Burkle Center for International Relations at UCLA.

“As the only company in its space with a model built to scale both prepared food and meal kits alike, Munchery is uniquely positioned to transform the way we eat and shop for food,” said Burkle. “The company’s socially-conscious mission to bring great food to everyone that’s accessible to all lifestyles, resonates universally, and I’m excited to be part of its next phase of growth.”

Housenbold served from 2005 to 2016 as president and CEO of Shutterfly, Inc. SFLY +0.26% . During his tenure, he transformed Shutterfly into the nation’s fifth largest standalone e-commerce company generating more than $1.1 billion in annual revenue, led a successful IPO in 2006 and drove the strategic direction of the company’s seven premium lifestyle brands and its enterprise business. Prior to Shutterfly, Housenbold served in a number of executive positions including vice president of business development and internet marketing at eBay, where he managed customer acquisition and retention, and completed a number of high-profile deals with Google, Microsoft, Disney, AOL and Yahoo. He serves on the Board of Directors of local deal marketplace Groupon GRPN -2.00% and online student hub Chegg CHGG +1.92% and is a special industry advisor to KKR & Co. L.P. KKR -1.19% and a Trustee of Carnegie Mellon University. Housenbold previously served on the Board of Directors of Shutterfly, hotel and entertainment company Caesars Entertainment Corporation CZR +1.46% and numerous private and not-for-profit organizations in Silicon Valley.

“Munchery has excelled at creating a delightful online and offline customer experience in the food industry,” said Housenbold. “Food has a reputation as a challenging product, and Munchery’s ability to oversee every step of the process enables them to guarantee quality, affordability and convenience like few others in the industry. I look forward to seeing the team continue to execute their vision, delight their customers and build a great business.”

“I’m thrilled to add Ron and Jeff to the Board of Directors of Munchery,” said Shervin Pishevar, co-founder and managing director of Sherpa Capital. “They are incredibly talented businessmen who have successfully scaled companies, built beloved brands and created billions of dollars of shareholder value. Their vast experiences and expertise will help guide Munchery in achieving its mission of bringing high-quality food at a great value to more people. We look forward to their contributions as we continue to expand into new markets.”

Burkle and Housenbold join current board members Shervin Pishevar, Pravin Vazirani, Thomas Gieselmann, Munchery CTO and Co-founder Conrad Chu and Tri Tran.

About Munchery

Munchery makes delicious, healthy, ready-to-eat meals and 15-minute cooking kits that are crafted by critically-acclaimed local chefs. Founded in 2011 and headquartered in San Francisco, with operations in Los Angeles, Seattle and New York, Munchery is the leading end-to-end food preparation and delivery company with a service footprint of 25 million households in the U.S. With control of its entire food service value chain, Munchery has the capability to continuously improve multiple points of operations and deliver better- personalized food experiences — from developing original recipes, sourcing fresh ingredients from local farmers and producers who practice organic and sustainable farming, creating incredible scratch-made dishes, packing using only environmentally-friendly materials, to delivering fresh meals directly to customers.

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