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Deliveroo Loses CFO, Poaches Airbnb Executive

image: Deliveroo

Raif Jacobs, the chief financial officer of U.K. food delivery startup Deliveroo, has left the company after just a year on the job, adding to a substantial number of executive departures at Deliveroo. Jacobs left the company early October, around the same time frame the U.K.'s competition watchdog launched an investigation into a big Amazon investment in Deliveroo. The investment in concern was a $575 million investment led by Amazon, with participation from Greenoaks, T. Rowe Price, and Fidelity. The funding process got paused by regulators in July, with a formal investigation launched several months later.

The U.K.'s Competition and Markets Authority (CMA) stipulated that Amazon's large investment may lead to a future merger with  Deliveroo, and said it was considering whether such a situation may "result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services." A deadline of the 11th of December was set to announce a formal decision from the investigation.

The departure of Deliveroo's CFO adds to a considerable number of departures from its executive team this year. For reference, In January, the company lost its chief technology officer, chief people officer, and chief legal officer after a management reshuffle.

However, Deliveroo still continues to poach executives, having just done that with the hire of Hadi Moussa as its chief business officer. Moussa was previously at Airbnb,where he managed its Middle East, Africa, and Northern, Central and Eastern Europe operations. Other recent hires at Deliveroo include a Vice President for Restaurants poached from Restaurant Brands International, a Director of Engineering from Facebook, and a Director of Design from Booking.com.





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