The Daily Times Newspaper

Financial Boss Just Eat Takeaway Survives Shareholder Riot

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Financial CEO Brent Wissink of meal delivery company Just Eat Takeaway can remain in his post despite a revolt among shareholders.

 

At the shareholders’ meeting of the parent company of Thuisbezorgd, a majority voted in favour of a new term for Wissink. Some activist investors had demanded his departure amid dissatisfaction with the United States’ $7.3 billion acquisition of industry peer GrubHub in June last year.

Just Eat Takeaway’s second-largest shareholder, activist investor Cat Rock, called on the company late last month to appoint a new chief financial officer to restore confidence in the company.

Cat Rock, the largest shareholder with a 7 percent stake after CEO Jitse Groen, also accused the company of misleading financial prospects. Since the end of June last year, Just Eat Takeaway has lost almost 70 percent of its value on the stock exchange.

The chairman of the internet company’s board, Adriaan Nühn, had to make way for a replacement. As a result, his reappointment was removed from the agenda of the shareholders’ meeting as a voting item.

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