Deliveroo founder and chief executive Will Shu is set to leave the business once the £2.9bn acquisition of the delivery firm is completed by DoorDash.
In a statement, Shu said he would stay on until the deal was completed, but said “now is the right time for me to step down”.
A hearing to sanction the acquisition of Deliveroo by DoorDash is expected to take place on September 30, 2025, with the completion of the acquisition expected to become effective on October 2, 2025.
Non-executive Deliveroo directors Claudia Arney, Peter Jackson, Karen Jones, Rick Medlock, Shobie Ramarkrishnan, Tom Stafford and Dominique Reiniche have all also provisionally agreed to stand down on the date the deal is completed.
Shu added: “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 and great things lie ahead.”
Deliveroo chair Arney 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.”
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