Deliveroo “entering a new era”
Deliveroo founder and CEO Will Shu has decided to step down as CEO once the DoorDash transaction becomes effective, expected on the 2nd October. He remains CEO until that date.
Will founded Deliveroo with his best friend Greg in London in 2012.
Will Shu, outgoing CEO of Deliveroo, said: “I have decided that now is the right time for me to step down. Taking Deliveroo from being an idea to what it is today has been amazing. Today the Company’s growth and profitability are accelerating and we are delivering on our mission to transform the way people shop and eat, but after 13 years I want to contemplate my next challenge.”
“I’m super proud of everything we have achieved. We pioneered and then redefined a new category.”
“Our teams have always seen the business through the eyes of the consumer and that consumer obsession has given us focus, drive and resilience. I want to thank everyone involved in the Company, from our employees to our merchant partners, riders, consumers, as well as our investors. This is the start of a new chapter for the Company and great things lie ahead.”
Claudia Arney, Chair of Deliveroo, said: “Will is an incredible innovator and has brought a unique mix of passion, vision and commitment to the creation and growth of Deliveroo. He has created a British success story that has had a hugely positive impact on the way we eat and shop, provided a new form of work for tens of thousands of people and helped thousands of restaurants and other merchants grow their businesses – both here and around the world. On behalf of the Board, I want to thank Will for his remarkable contribution.”
“Deliveroo is entering a new era as part of the enlarged DoorDash Group, with exciting opportunities ahead.”
Non-Executive Director Conditional Resignations
Each of Claudia Arney, Peter Jackson, Karen Jones, Rick Medlock, Shobie Ramakrishnan, Tom Stafford and Dominique Reiniche, being the non-executive directors of Deliveroo, has also agreed to step down conditional on, and with effect from the date on which the Scheme becomes effective.
Next Steps and Timetable
The acquisition of Deliveroo by DoorDash, Inc. continues to progress as anticipated. The court hearing to sanction the Scheme is expected to take place on 30 September 2025. The Scheme is expected to become effective on 2 October 2025.
