A major investor in Delivery Hero has warned the food delivery company’s chief executive to accelerate efforts to revive the struggling business or face the possibility of being replaced.
Investment firm Aspex Management said the company’s leadership must take stronger and faster action to improve performance, stressing that the CEO’s position could be at risk if the turnaround strategy fails to deliver results.
In a message to management, Aspex argued that Delivery Hero needs to move more decisively to restore profitability and strengthen shareholder value. The investor has reportedly been frustrated with the company’s pace of restructuring and financial recovery.
Niklas Östberg, co founder and chief executive of Delivery Hero, has been leading efforts to improve the company’s finances through cost cutting, operational restructuring, and the sale of some non core assets.
However, investors have grown increasingly concerned about the firm’s financial performance and share price decline amid intense competition in the global food delivery market.
Aspex, which holds a significant stake in the company, is pushing for clearer milestones and faster execution of the turnaround plan. The investor reportedly believes stronger leadership accountability is needed if the strategy does not produce measurable improvements.
Delivery Hero, headquartered in Berlin, operates food delivery platforms across dozens of countries and has faced pressure in recent years from rising costs, changing consumer behaviour, and fierce competition in the online delivery sector.
Analysts say the public warning from a major shareholder highlights growing tensions between investors and management as the company attempts to stabilise its business and return to sustained profitability.
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