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Deliveroo CEO to Step Down Following DoorDash Takeover
Will Shu, Deliveroo's founder, will step down after 13 years as CEO following a £2.9 billion acquisition by DoorDash, which will create a global delivery service with 50 million users.
- Deliveroo's CEO Will Shu will step down once the $4 billion acquisition by DoorDash is completed.
- Shu founded Deliveroo in London in 2013, and it now operates in 9 countries with over 130,000 riders worldwide.
- The deal values Deliveroo at £2.9 billion, with Shu set to receive a £172 million windfall from his 6.5% stake.
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Will Shu quits as Deliveroo CEO after denying he planned to leave
The CEO of Deliveroo, Will Shu, has announced his decision to step down from the company he co-founded in 2013, just months after the company denied he had any plans to leave. In February, after growing speculation Shu was preparing to exit the tech business later in the year, Deliveroo issued a statement in which the firm said: “In response to rumours in the media, the company confirms that there are no plans for Will to step down. “Will remain…
·London, United Kingdom
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Total News Sources48
Leaning Left7Leaning Right7Center21Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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