Finance
Deliveroo CEO Will Shu to step down after DoorDash takeover
Published by Global Banking and Finance Review
Posted on September 18, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 18, 2025
1 min readLast updated: January 21, 2026
Deliveroo CEO Will Shu will step down following DoorDash's acquisition of the company, valued at £2.9 billion, with the deal expected to finalize by October 2.
(Reuters) - British food delivery firm Deliveroo said on Thursday founder and CEO Will Shu will step down once its takeover by U.S. rival DoorDash takes effect.
U.S. meal delivery firm DoorDash in May agreed to buy Deliveroo in a deal valuing the British rival at about 2.9 billion pounds ($3.96 billion), banking on their combined reach and local expertise to take on competition.
"I have decided that now is the right time for me to step down," said Shu, who founded Deliveroo in 2013, alongside his childhood friend Greg Orlowski.
A court hearing to approve the deal is expected to take place at the end of this month, with the deal set to become effective on October 2.
Other non-executive board members Claudia Arney, Peter Jackson, Karen Jones, Rick Medlock, Shobie Ramakrishnan, Tom Stafford and Dominique Reiniche would also step down once the deal is effective.
($1 = 0.7329 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Nivedita Bhattacharjee)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
A CEO, or Chief Executive Officer, is the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.
A takeover occurs when one company makes a bid to assume control of or acquire another company, often through purchasing its shares.
Explore more articles in the Finance category
