Delivery Hero SE Announces Proposed Changes to Supervisory Board and Chairpersonship

Delivery Hero SE has announced a proposal for its Supervisory Board composition, including a change in the chairpersonship, set to be presented at the upcoming Annual General Meeting on June 19, 2024. The current chairperson, Dr. Martin Enderle, who has held the position since May 2017, plans to step down after the meeting. Enderle's intended successor is Kristin Skogen Lund, currently the CEO of Schibsted ASA. Additionally, the company plans to expand its Supervisory Board from six to eight members.

The proposed new entries include Kristin Skogen Lund and Roger Rabalais, appointed for four years, and Scott Ferguson, appointed for one year. The staggered terms aim to introduce a structured tenure system on the board.

Alongside these changes, Delivery Hero disclosed a cooperation agreement with Sachem Head, detailing customary standstill and confidentiality clauses, following the nomination of Scott Ferguson from the investment firm as a board representative. This expansion and restructuring come as Delivery Hero continues to align its governance structure with its growth and the expectations of its major stakeholders, including Naspers/Prosus, which holds approximately 29% of the company's shares.

Additionally, the SE works council of the company has placed their own proposals for employee representatives on the Supervisory Board, further indicating ongoing changes at various governance levels within the company.