The chairman of Just Eat Takeaway resigned before the food delivery group’s annual meeting today after acknowledging shareholders’ concerns at the way the company has been run.
Adriaan Nuhn’s abrupt exit came as the supervisory board withdrew the vote for the re-election to the management board of Jörg Gerbig, 41, the company’s chief operating officer, amid a complaint about his personal conduct.
The twin exits came ahead of what was expected to be a stormy annual meeting in Amsterdam driven by unrest over what one investor called “a catastrophic destruction of equity value in the past two years”.
Cat Rock Capital Management, the hedge fund that is a 6.9 per cent shareholder, has been particularly critical of Just Eat Takeaway’s $7.3 billion takeover of