FRANKFURT (dpa-AFX) - Shares in Delivery Hero turned positive on Tuesday following the announcement of an upcoming leadership transition at the top of the group. After a sluggish morning session, the stock surged to 24.25 euros, reaching its highest level since February 5. It was last seen trading up 0.7 percent at 23.74 euros.
After 15 years at the helm, co-founder and Chief Executive Officer (CEO) Niklas Östberg will step down from the food delivery giant by March 31, 2027, at the latest. Östberg is set to remain CEO during the transition period, overseeing the next phase of the strategic review and related M&A processes initiated in December 2025. The Supervisory Board intends to launch the search for a new chief executive shortly, with the aim of concluding the process by the end of 2026.
In light of the stock's sustained weakness, which began primarily with the end of the Covid-19 pandemic and persisted in subsequent years, the company announced in early December 2025 that it would pivot its focus toward enhancing shareholder value. In addition to operational and financial improvements, further divestments are expected to be considered./ck/bek/stk
Founder of Delivery Hero SE, Pizza Co. NV, OnlinePizza Norden AB and Aktie Plus, L. Niklas Östberg is an entrepreneur and businessperson who has been at the head of 8 different companies and presently holds the position of Chief Executive Officer of Delivery Hero SE and Managing Director at RGP Local Holding IV GmbH. He is also on the board of trivago NV and HungryHouse Holdings Ltd.
In his past career he was Chairman at Restaurant Partner Suomi Oy, Chairman at Mjam GmbH, Manager at Aktie Plus, Chairman at Pizza Co. NV, Chairman & Partner at OnlinePizza Norden AB, Chairman at Restaurant Partner Polska Sp zoo, Managing Director at 9Cookies GmbH and Consultant at Oliver, Wyman & Co. LLC.
Mr. Östberg received a graduate degree from Royal Institute of Technology and a graduate degree from Swiss Federal Institute of Technology.
Delivery Hero SE is a Germany-based company, which is primarily engaged in the online food ordering industry. The Company operates as a provider of online food delivery services from restaurants and cafes. The Company offers pizza, burger, organic food, vegan cuisine, and Asian dishes, among others. Its portfolio of brands comprises Foodpanda, PedidosYa, Clickdelivery, Talabat, Yemeksepeti, Donesi, Hungerstation, Carriage, Otlob, Mjam and others. The Company operates globally, on the territory of more than 40 countries, comprising Europe, the Middle East, North Africa, Asia, and the Americas. The Company's services are available through Web version and mobile application.
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