Chief executive of clothing retailer Next rides onto Deliveroo’s board

Lord Simon Wolfson, non-executive director

Deliveroo has announced the appointment of the CEO of Next, Simon Wolfson, to its board as a non-executive director. Lord Wolfson started in his role this week.

Lord Wolfson has been CEO of Next since 2001, having been appointed to its board of directors in 1997.

His appointment comes after Deliveroo named Claudia Arney as the company’s first chair in November.

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Deliveroo said the move comes at an exciting time for the business. It has just completed a new Series H funding round of more than $180m (£133m) from existing investors, valuing the business at over $7 billion (£5 billion).

Deliveroo is growing rapidly, now working with 140,000 restaurants and 110,000 riders worldwide in over 800 towns and cities, while improving margins, having demonstrated profitability in 2020.

This year, the company is focusing on areas including expanding its Editions delivery-only kitchens globally, working with more restaurants and grocery stores and increasing affordability for customers by extending its Plus subscription programme.

Will Shu, founder and CEO of Deliveroo, said:Simon will bring great knowledge and insight to the company and help us in our mission to become the definitive food company. We are excited about his appointment. We are looking forward to working with him as we continue to innovate, developing new tech tools to support restaurants, to provide riders with more work and to extend choice for customers, bringing them the food they love from more restaurants than ever before.”

Mr Wolfson said: “I am delighted to be taking up this role. Deliveroo is an exciting, innovative and fast-growing company that, like Next, relies on advanced technology to deliver a market-leading proposition. I look forward to working with the talented leadership team on the many opportunities ahead.”

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Andrew Seymour

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