Deliveroo dismisses rumors of CEO exit

Deliveroo confirmed that CEO Will Shu will remain in his role, dismissing recent speculation.

A company spokesperson said there are no plans for Shu to step down, responding to media rumors.

Shu, who co-founded Deliveroo in 2013, holds over 6% of the company, making him its third-largest shareholder.

Recent Deliveroo developments

Timeline
25-Sep-2024 📦 Deliveroo gets out of cloud kitchen business in Singapore Deliveroo closes two cloud kitchens in Singapore Operating costs rise amid slowing demand from restaurants
20-Jan-2023 📉 Ex-Deliveroo execs’ food-ordering firm shutters Gobble shuts down after 1.5 years in Singapore. Failed to achieve sustainable B2C revenue model.
08-Mar-2021 📦 Deliveroo eyes ‘billions’ in UK listing Deliveroo’s IPO could raise billions in London. CEO Will Shu retains control with dual-class shares.
18-Jan-2021 🍔 Deliveroo bags $180m at over $7b valuation Deliveroo raises $180M; valued over $7B Plans to expand services and support for riders
16-Mar-2020 🥡 Deliveroo to launch contactless delivery in Asia amid Covid-19 outbreak Deliveroo to launch contact-free delivery in Asia. Riders will leave food outside and step back.
24-Nov-2015 🍽️ Deliveroo raises $100m to deliver filet mignon to your door in Singapore

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