Deliveroo sparks IPO speculation after appointing new CFO

Deliveroo has sparked fresh speculation that it is considering an Initial Public Offering (IPO) after appointing a new chief financial officer.

Ex-Expedia executive Adam Miller will join Deliveroo as its new finance chief bringing a nine-month search to an end, according to Sky News.

On Wednesday, Deliveroo’s founder and chief executive Will Shu informed staff that Miller would take on the role permanently after holding it on an interim basis since October.

It comes amid raft of c-level staff changes, including the promotion of Thea Rogers to chief customer officer.

READ MORE: Amazon Deliveroo deal could create “gaping hole in UK merger regime” according to rival Domino’s

Rogers new role will see her take on marketing and communications responsibilities from its chief marketing officer Ines Ures, who is set to leave the company next month.

“Deliveroo’s vision is to be the definitive food company,” Shu’s not to staff, seen by Sky News, said.

“From our global expansion to developing industry-leading innovations such as Editions, we have made huge strides.

“After a period in which we have had to adapt our offer to restaurants, riders and restaurants, we can look to the future with confidence and I’m excited about what this new structure will enable us to accomplish.”

It comes as Deliveroo navigates an upcoming tie-up with online giant Amazon, which will see it acquire a 16 per cent stake in the company, amid an unprecedented period of consolidation in the online delivery sector.

Last month the CMA gave the deal the provisional green light for the second time adjusting its reasoning for the decision in light of a major backlash from rivals.

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Delivery / Supply ChainNews

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