Sachem Head Capital Management Endorses Delivery Hero's Board Expansion Plans

Sachem Head Capital Management LP, an investment firm, has declared its support for the proposed changes to the Supervisory Board of Delivery Hero SE. With a stake of about 3.6% in the company, including shares and derivatives, Sachem Head is backing the expansion of the Supervisory Board from six to eight members. The investment firm commits to vote in favor of both the expansion and the nomination of four new members to the board at the upcoming Annual General Meeting.

The proposed nominees for the Supervisory Board are Kristin Skogen Lund, Dr. Martin Enderle, Roger Rabalais, and Scott Ferguson. These nominees will join the four employee representatives to be elected at the AGM. Scott Ferguson, founder and portfolio manager of Sachem Head, emphasized the potential within the food delivery market and expressed eagerness to work alongside the Supervisory and Management Boards to maximize the company's potential.