Deliveroo Loses CFO and Hires Airbnb Executive For Global Business

(Bloomberg) -- The chief financial officer of fast-growing U.K. food delivery startup Deliveroo has left the company as the firm continues to reshape its management.

Raif Jacobs joined the company in 2018, after 13 years in senior positions at Google’s European business. He left Deliveroo in early October, a spokesman said in an emailed statement.

The startup has also hired Hadi Moussa as its chief business officer, to manage all countries outside the U.K. Moussa previously worked at Airbnb Inc. where he was managing Northern, Central and Eastern Europe, the Middle East, and Africa.

Deliveroo’s management team has changed significantly over the past 12 months. The company’s heads of technology, legal, operations and human resources have all departed. Recent hires include a new head of engineering from Facebook Inc. and a vice president from Restaurant Brands International Inc.

Jacobs’s departure came just before the U.K. competition regulator launched a review into Amazon.com Inc.’s bid to buy a stake in Roofoods Ltd., which does business under the Deliveroo brand.

In May, Amazon said it led a $575 million funding round to help the London-based startup expand its technology team and network after closing down its own food-delivery business in the capital last year.

Deliveroo is still hiring, with about 300 vacancies on its website. While global sales from its food-delivery business increased 72% in 2018, profitability remained elusive. The company said it lost 232 million pounds ($255 million) last year compared to 199 million pounds a year earlier.

To contact the reporter on this story: Giles Turner in London at gturner35@bloomberg.net

To contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Nate Lanxon, Amy Thomson

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