Just Eat rocked as senior executives step down hours before AGM

Shareholders have criticised the recent management of the loss-making company, which have fallen more than 40% in 2022 alone

Just Eat saw orders fall in the first quarter as the online food ordering boom faded along with the Covid pandemic in many key markets.

Just Eat Takeaway said two of its most senior leaders were to step down, just hours before Europe's largest food delivery company was due to face off with unhappy shareholders at its annual general meeting.

Supervisory chairman Adriaan Nuehn, whose position had been under pressure, will not seek reappointment, the company said. And separately, longtime chief operating officer Joerg Gerbig was under investigation for "possible personal misconduct at a company event", and would be leaving the management board "at least" until it is concluded.