Deliveroo CEO Steps Down Amidst DoorDash Acquisition
ByAinvest
Saturday, Sep 20, 2025 8:44 am ET1min read
DASH--
The acquisition comes after Deliveroo's share price plummeted following its initial public offering (IPO) on the London Stock Exchange, which valued the company at £7.6 billion. Despite facing financial challenges, Deliveroo reported its first full-year profit last month, indicating a turnaround in its fortunes [3].
Shu, 45, has led Deliveroo through its growth from a small startup to a major player in the food delivery market. He is known for his hands-on approach, including personally delivering orders on his bicycle during the company's early days. Shu believes that the acquisition by DoorDash, one of the world's leading platforms in local commerce, will be beneficial for Deliveroo riders, increasing their earning opportunities through greater order volume [2].
The acquisition terms offer a significant premium on Deliveroo’s shares, with a 29% increase over the closing price on 24 April 2025, and a 40% premium on the three-month volume-weighted average price. Shu is expected to personally pocket £170 million from the sale of his 6.5% stake [3].
Deliveroo operates across several countries, including Belgium, France, the Republic of Ireland, Italy, Kuwait, Qatar, Singapore, the United Arab Emirates, and the UK. The company has partnered with roughly 176,000 restaurants, grocers, and retail partners, and works with more than 130,000 riders to enhance the on-demand delivery experience [2].
The acquisition is set to go through in October, pending court approval. Shu has expressed pride in Deliveroo's achievements over the past 13 years and is looking forward to his next challenge [3].
Deliveroo CEO Will Shu is stepping down following the company's acquisition by DoorDash, which values Deliveroo at £2.9bn ($3.9bn). The deal is expected to be finalized on October 2. Shu will stay on as CEO until then and believes the acquisition will be good news for Deliveroo riders, increasing their opportunity to earn through greater order volume. He is proud of what has been achieved in the past 13 years and wants to consider his next challenge.
Deliveroo Plc announced on Thursday that Chief Executive Officer Will Shu will leave the company once DoorDash Inc. completes its acquisition. The acquisition, valued at £2.9 billion ($4 billion), is expected to close on October 2. Shu, who has led Deliveroo since its inception in 2013, will remain as CEO until the deal is finalized. The entire board, including Chairwoman Claudia Arney, will also step down upon the acquisition's effectiveness [1].The acquisition comes after Deliveroo's share price plummeted following its initial public offering (IPO) on the London Stock Exchange, which valued the company at £7.6 billion. Despite facing financial challenges, Deliveroo reported its first full-year profit last month, indicating a turnaround in its fortunes [3].
Shu, 45, has led Deliveroo through its growth from a small startup to a major player in the food delivery market. He is known for his hands-on approach, including personally delivering orders on his bicycle during the company's early days. Shu believes that the acquisition by DoorDash, one of the world's leading platforms in local commerce, will be beneficial for Deliveroo riders, increasing their earning opportunities through greater order volume [2].
The acquisition terms offer a significant premium on Deliveroo’s shares, with a 29% increase over the closing price on 24 April 2025, and a 40% premium on the three-month volume-weighted average price. Shu is expected to personally pocket £170 million from the sale of his 6.5% stake [3].
Deliveroo operates across several countries, including Belgium, France, the Republic of Ireland, Italy, Kuwait, Qatar, Singapore, the United Arab Emirates, and the UK. The company has partnered with roughly 176,000 restaurants, grocers, and retail partners, and works with more than 130,000 riders to enhance the on-demand delivery experience [2].
The acquisition is set to go through in October, pending court approval. Shu has expressed pride in Deliveroo's achievements over the past 13 years and is looking forward to his next challenge [3].
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