Deliveroo founder Will Shu to step down as CEO after DoorDash takeover

Core Viewpoint - Deliveroo CEO Will Shu will step down following the completion of the acquisition by U.S. rival DoorDash, which values Deliveroo at £2.9 billion ($4 billion) [1][2] Company Summary - Will Shu co-founded Deliveroo in 2013 with Greg Orlowski and has led the company since its inception [1] - The decision to step down comes after the announcement of DoorDash's acquisition deal in May [1] Industry Context - The acquisition by DoorDash signifies a consolidation trend in the food delivery industry, highlighting competitive dynamics between U.S. and U.K. platforms [1]