Deliveroo CEO Will Shu to step down after DoorDash takeover

Core Points - Deliveroo's founder and CEO Will Shu will resign following the acquisition by U.S. rival DoorDash, which values Deliveroo at approximately £2.9 billion ($3.96 billion) [1][2] - The acquisition aims to leverage the combined reach and local expertise of both companies to enhance competitiveness in the food delivery market [1] - A court hearing to approve the acquisition is anticipated at the end of this month, with the deal expected to be finalized on October 2 [2] Company Changes - Will Shu, who established Deliveroo in 2013, has announced his decision to step down, indicating it is the right time for a transition [2] - Other non-executive board members, including Claudia Arney, Peter Jackson, Karen Jones, Rick Medlock, Shobie Ramakrishnan, Tom Stafford, and Dominique Reiniche, will also resign once the acquisition is completed [2]