Coupang Names Head of Product for the Microsoft AI Group and Former Meta and Instacart Executive Asha Sharma to Board of Directors

Rhea-AI Summary

Coupang has appointed Asha Sharma, Corporate Vice President and Head of Product, AI Platform at Microsoft, to its Board of Directors. Sharma's previous roles include Chief Operating Officer at Instacart and VP of Product at Meta. At Instacart, she led the company through its IPO and into profitability. At Meta, she helped scale Facebook Messenger to billions of users. Sharma holds a Bachelor of Science in Business from the University of Minnesota. Coupang's CEO Bom Kim expressed excitement about Sharma's appointment, highlighting her expertise in product and AI. Sharma also expressed her enthusiasm for joining Coupang, emphasizing its focus on customer experience and innovation.

Positive

• Appointment of Asha Sharma, a proven leader with expertise in AI and product development.
• Sharma's successful track record at Instacart, leading it through its IPO and into profitability.
• Experience in scaling Facebook Messenger to billions of users at Meta.

Negative

• None.

SEATTLE--(BUSINESS WIRE)-- Coupang, Inc. today announced that it has appointed Asha Sharma, Corporate Vice President and Head of Product, AI Platform at Microsoft, to the company’s Board of Directors. Her prior executive leadership roles focused on building and scaling world-class consumer innovations at Meta and driving operational excellence at Instacart.

Asha Sharma Appointed to Coupang's Board of Directors (Photo: Business Wire)

“Asha’s deep product and practical AI expertise align with our mission to drive innovations that wow our customers,” said Bom Kim, Founder and CEO of Coupang. “We’re excited to welcome Asha to our board and look forward to working with her as we build more ground-breaking experiences for customers around the world.”

Prior to Microsoft, Sharma served as Chief Operating Officer of Instacart, where she helped lead the company through its IPO and into profitability while helping it grow into the largest fresh grocery delivery company in North America. Before Instacart, she served as VP of Product at Meta, where she helped build and scale Facebook Messenger to billions of users. Sharma, who earned a Bachelor of Science in Business from the University of Minnesota, began her career in marketing at Microsoft.

“Coupang’s focus on ensuring the best customer experience and continuing commitment to provide the most innovative services resonates deeply with me,” said Sharma. “I believe Coupang will be one of the most important companies in the world in the next 10 years and I look forward to helping ensure its success.”

About Coupang

Coupang is a Fortune 200 technology company listed on the NYSE, that provides retail, restaurant delivery, video streaming and fintech services to customers around the world. Coupang’s mission is to revolutionize the everyday lives of its customers and create a world where people wonder, “How did I ever live without Coupang?” Headquartered in the United States, Coupang has operations and support services in geographies including South Korea, Taiwan, Singapore, China, India and Europe.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240625184938/en/

Investor Contact:

ir@coupang.com

Media Contact:

press@coupang.com

Source: Coupang

FAQ

What is the significance of Asha Sharma joining Coupang's Board of Directors?

Asha Sharma brings extensive experience in AI, product development, and operational excellence from her roles at Microsoft, Meta, and Instacart.

How might Asha Sharma's appointment affect Coupang's stock (CPNG)?

Sharma's expertise and track record in leading successful innovations and scaling consumer products could positively influence Coupang's strategic direction and potentially its stock performance.

What was Asha Sharma's role at Instacart?

Asha Sharma served as the Chief Operating Officer at Instacart, where she led the company through its IPO and into profitability.

What experience does Asha Sharma have from Meta?

At Meta, Asha Sharma was the VP of Product, where she helped scale Facebook Messenger to billions of users.

What is Asha Sharma's educational background?

Asha Sharma holds a Bachelor of Science in Business from the University of Minnesota.