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Delivery Hero CEO Niklas Östberg to Step Down in 2027 as Succession Search Begins

The move reflects rising pressure from Aspex to refocus the business on profits.

Overview

  • Delivery Hero, which announced the plan Tuesday, said Niklas Östberg will leave on March 31, 2027 and lead a review of strategic options during a transition as the board targets naming a successor by year-end.
  • Aspex lifted its stake to about 15% after buying a 5% block from Prosus for roughly €335 million and the investor welcomed the leadership change.
  • Prosus must cut its holding below 10% by late summer under EU competition conditions tied to its Just Eat Takeaway deal, opening the door to further shifts in who influences the company.
  • The June 23 annual meeting now looms as a key test of strategy as Aspex gains voting weight and pushes for sharper cost discipline and possible exits from regions.
  • Coverage of the stock reaction diverged, with one outlet reporting an 18% jump and another noting shares slightly down, underscoring investor uncertainty about the path forward.