Niklas Östberg, co-founder and CEO of Delivery Hero, announced he will resign by March 31, 2027, at the latest [1, 2]. The supervisory board aims to find his successor by the end of 2026 [1, 2].
An activist investor, Hong Kong-based Aspex Management, increased its stake in the company to about 14%, after buying a 5% stake from Delivery Hero’s largest shareholder Prosus NV [2]. Aspex has demanded that Östberg either sell additional assets or leave the company [2].
Östberg co-founded Delivery Hero in 2011 and expanded it rapidly using debt to acquire companies like Glovo and Woowa. The company now operates across about 65 countries [1, 2]. Despite this growth, Delivery Hero has faced pressure to improve its financial performance amid consolidation in the food delivery sector [2].
In March 2026, Delivery Hero sold its Taiwan food delivery business to Grab for US$600 million as part of a strategic review [2]. Its shares traded at €23.55 on May 12, 2026, down sharply from a peak above €130 in 2021 [2].
The supervisory board is under pressure to complete the leadership transition and outline a clear strategy. The search for Östberg’s successor is expected to conclude by year-end 2026 [1, 2].
