Deliveroo Holdings PLC (LSE:ROO) confirmed on Thursday that its founder and CEO, Will Shu, will step down after the company’s acquisition by DoorDash, Inc. (NASDAQ:DASH) is finalized.
Shu, who launched the food delivery platform 13 years ago, will continue to serve as CEO until DoorDash’s offering scheme comes into effect, anticipated on October 2.
“I’ve decided that now is the right time to step aside. Transforming Deliveroo from an idea to what it is today has been extraordinary,” Shu said in a statement.
“Today, the Company’s growth and profitability are accelerating, and we are fulfilling our mission to transform the way people shop and eat, but after 13 years, I am looking forward to my next challenge.”
Deliveroo Chairman Claudia Arney lauded Shu’s contributions, describing him as “an incredible innovator” who has built “a British success story that has had a hugely positive impact on the way we eat and shop.”
The company further announced that all non-executive directors—including Arney, Peter Jackson, Karen Jones, Rick Medlock, Shobie Ramakrishnan, Tom Stafford, and Dominique Reiniche—will step down once the acquisition becomes effective.
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