Yahoo Finance GrubHub founder Matt Maloney to leave after $7.3 billion sale to Just Eat Takeaway.com
The boss of US food delivery startup GrubHub is leaving the business just months after completing a sale of to Just Eat Takeaway.com.
Matt Maloney will step down from the newly combined company’s management board “to pursue other opportunities”. He leaves on 1 December.
Maloney co-founded food delivery app GrubHub in Chicago in 2004. He grew into a business with over $1 billion in turnover and took the company public in New York in 2014. His exit comes shortly after Just Eat Takeaway.com completed a $7.3 billion takeover of the business in June.
Maloney’s departure leaves Just Eat CEO Jitse Groen, CFO Brent Wissink, and COO Jörg Gerbig on the management board.
“He has built a magnificent company and helped create hundreds of thousands of jobs across the US,” Groen said of Maloney in a statement. “We are sorry to see him leave the Company and wish him the best in his future endeavours.”
Just Eat Takeaway.com shares dipped 34p, or 0.6%, to 5604p.
Elsewhere, Games Workshop today announced the departure of Sally Matthews from its board after just a year. The figurine retailer said Matthews would resign as non-executive director and chair of the audit and risk committees when the company’s current reporting period comes to an end on 28 November.
Matthews, an accountant by training, joined Games Workshop’s board last October. She is currently chief product officer at delivery kit company Gousto and has spent time at Tesco.com and Unilever. Reasons for her departure from Games Workshop weren’t given.
Games Workshop thanked Matthews for her “valuable contribution” and said a recruitment process was underway to find a replacement.
Shares slipped 95p, or 1%, to 9705p.
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