David Buttress to step down as CEO
The Board of Just Eat plc (LSE: JE.) announces that, due to urgent family matters, David Buttress has informed it of his intention to step down from his role as Chief Executive Officer. David will work full time in the Company until the end of the first quarter, at which time John Hughes, who has been Chairman of the Board for almost six years, will assume the role of Executive Chairman. John will work closely with David and Chief Financial Officer Paul Harrison to ensure a smooth and orderly handover.
The Board is commencing an immediate search to find a replacement for David. David has agreed to serve a minimum one-year term as a non-executive director.
David Buttress said:
“It has been a great privilege to work alongside, and then lead, the exceptional team at Just Eat, helping to build the business from the very first restaurant in the UK to the company it is today. I would like to thank the Board for their understanding, and I am very pleased that I will be able to continue to play a role in the future of the business as a non-executive director. This has been one of the best jobs in the world, and I wish my successor all the best when they take on the role.”
John Hughes said:
“The Board would like to thank David for his outstanding contribution and respects his imminent need to focus on other important matters. David has been an incredible leader and colleague, who has earned the respect and loyalty of all who work with him at Just Eat. David will leave as CEO with the business in excellent health and with an experienced leadership team at the helm. We look forward, in due course, to welcoming him as a non-executive director. I will work closely with Paul Harrison and the rest of the team as we recruit David’s successor, and we will provide an update on that process in due course. The company is very strongly positioned for the future.”
About Just Eat:
Just Eat plc operates a leading global marketplace for online food delivery. Headquartered in London, we use proprietary technology to offer a quick and efficient digital ordering service for over 17 million users and over 68,000 restaurant partners. Just Eat is a member of the FTSE 250 Index.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014 (“MAR”). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.