Klaus Nyengaard steps down as CEO for JUST EAT GroupBy Matthew, February 6, 2013 11:10 am
London based JUST EAT, the world’s largest online takeaway ordering service, today announced that after nearly five years as CEO, Klaus Nyengaard is leaving the Company.
Commenting on his departure, Klaus Nyengaard said “I have loved my time working at JUST EAT and believe it is a great company with an exciting future. However, I made a commitment to return to Denmark with my family nearly two years ago. Since then I have been commuting between Denmark and London, which was ultimately not the perfect solution for the Company or me. Of all the achievements at JUST EAT, I am most proud of helping to build a world class team and will greatly miss the daily contact with colleagues and friends at JUST EAT.”
In the last five years JUST EAT has grown from 35 employees based mostly in Denmark to over 1,000 employees with operations in 13 countries. In 2012 the Company was profitable and is now generating over €750m in food orders for its restaurant partners.
Commenting on Klaus’s departure Ben Holmes, partner at Index Ventures and long–time JUST EAT investor & board member said “I would like to thank and congratulate Klaus for all he achieved during his tenure at JUST EAT. His vision and energy were key motivations for our initial and subsequent investments in the Company and he has delivered on that vision to make JUST EAT a European ecommerce champion. We wish him the best for the future and look forward to his next venture. ”
The existing executive team led by Chairman John Hughes will run the company while a search is conducted for a new CEO.
About the JUST EAT Group
JUST EAT (@JustEatNews), launched in Denmark in 2001, is based in London and is now active in 13 countries around the globe. JUST EAT is currently generating over £600m in revenue per year for the restaurant industry and has received more than 50m orders since the site launched with over 1m Facebook fans around the world. There are currently over 32,000 takeaway restaurants signed up to JUST EAT’s site which uses proprietary technology to offer an efficient on-line ordering service. JUST EAT was listed in the TechCrunch Europe Top 100 Index 2010 and was also recently ranked number 31 in the Sunday Times Tech Track 100, winning the Best Brand Award.