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The entrepreneur who masterminded Deliveroo’s evolution into one of Britain’s biggest consumer technology businesses is preparing to hand over the reins to a new chief executive.
Sky News has learnt that Will Shu, who set the company up in 2013 and participated in its delivery service himself, is contemplating stepping back as CEO as soon as this year.
Under one scenario being discussed by Deliveroo’s board, chaired by Claudia Arney, Mr Shu could leave the role in the autumn.
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Carlo Mocci, the company’s chief business officer, is said to be the leading internal candidate to replace Mr Shu, although sources insisted on Tuesday that no decisions about a replacement had been taken by Deliveroo’s board.
Other succession planning scenarios are also said to be under consideration, including a number which could mean Mr Shu remaining in place for longer.
At least one executive search firm is said to be engaged by Deliveroo on the project.
One source added that Deliveroo did not plan to make a public announcement about leadership changes for some time.
Mr Shu has become one of the most prominent business leaders in Britain, steering a business which now employs thousands of people and partners with some of the country’s best-known restaurant brands, including McDonald’s, PizzaExpress and Wagamama.
Under his leadership, it has also broadened its offering to groceries, with partners such as the Co-op, Sainsbury’s and Waitrose.
It has also encountered severe reputational challenges, notably over its treatment of so-called gig economy workers and their lack of employment rights.
Deliveroo was privately held for most of its first decade in existence, attracting big-name technology investors before, in 2019, Amazon swooped to buy a sizeable minority stake in the company.
The deal drew scrutiny from competition authorities, but was eventually approved the following year.
That was…
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