Deliveroo Regulatory News (ROO)

20 June 2022

Deliveroo plc

Appointment of new Chief Financial Officer

Deliveroo plc announces that it has appointed Scilla Grimble as Chief Financial Officer. Scilla, who is currently Chief Financial Officer at MoneySupermarket.com Group plc, is expected to commence her appointment by no later than June 2023.

Scilla has been Chief Financial Officer of MoneySupermarket since 2019. She was previously Interim Chief Financial Officer at Marks & Spencer where she was also Director, Group Finance, and she has held a range of senior finance and leadership roles at Tesco. Previously, Scilla spent 10 years at UBS where she was Managing Director and Head, Consumer & Retail Investment Banking EMEA, and she began her career at PwC where she qualified as a chartered accountant. Scilla is currently a Non-Executive director at Taylor Wimpey plc.

Adam Miller will be stepping down as Chief Financial Officer and as a Director effective on 17 September 2022.

Deliveroo has appointed David Hancock, currently VP Investor Relations, to serve as interim Chief Financial Officer effective on 17 September 2022 and reporting directly to the CEO, alongside continuing in his current role. As an interim appointment David will not be joining the Board of Deliveroo plc. David has over 20 years' experience in finance roles and has been VP Investor Relations at Deliveroo since July 2021. Prior to this he was Chief Financial Officer, Digital for The Adecco Group and an Executive Director at Morgan Stanley, and is a chartered management accountant.

Claudia Arney, Chair of Deliveroo plc said: 

"I am delighted to welcome Scilla to Deliveroo and the Board is confident that her highly relevant skills and experience will help us to take advantage of the significant opportunities before us and will be invaluable as we continue to build our business. 

The Board thanks Adam for all he has done for Deliveroo during his time here, from helping guide the business as VP of Strategy to taking on the Interim CFO role at a critical time, and then as CFO helping us through COVID and navigating the IPO. Adam has shown immense commitment and dedication to making Deliveroo successful.  We are grateful and pleased that Adam will be remaining in role until mid-September to ensure a smooth transition and wish him all the best for the future." 

Scilla said: 

"I am delighted to be joining Will and the team at Deliveroo. It's an exciting opportunity to help build the definitive online food company and I look forward to working with the team as they drive the business forward to profitability." 

Adam said: 

"It has been a privilege to work for Deliveroo. Now is the right time for change, both for me and Deliveroo. I am proud of everything that Deliveroo has achieved over the past few years. The business has performed well and has great potential and I am confident the Company has a strong team to take it through the next part of its journey."

Regulatory Disclosures 

The Company confirms that there are no further details that need to be brought to the attention of the shareholders of the Company with regard to this appointment.

Remuneration Arrangements

Scilla Grimble

Details of Scilla's remuneration arrangements are set out below. These terms are in line with Deliveroo's shareholder approved Remuneration Policy.

Scilla's remuneration as Executive Director and Chief Financial Officer of the Company under her service agreement will consist of a base salary of £500,000. Scilla's service agreement also provides for a discretionary annual bonus (up to a maximum 180% of base salary) and a discretionary annual incentive award (up to a maximum of 500% of base salary). Any variable pay awarded to Scilla will be determined by reference to the performance and profitability of the Company as well as her personal performance and remuneration benchmarks in the industry, and will be subject to deferral, holdings periods, malus and clawback in accordance with the Remuneration Policy. 

Scilla will receive Deliveroo awards to compensate her for short and long-term incentive awards she will forfeit on leaving her previous employer. These awards will reflect the value of the forfeited awards and will be subject to performance conditions where appropriate. Details will be disclosed in Deliveroo's Remuneration Report for the relevant year. 

Adam Miller

In accordance with the Company's statutory obligations under section 430(2B) Companies Act 2006, details of Adam's exit arrangements can be found on the Company website at https://corporate.deliveroo.co.uk/about-us/governance/other-disclosures/. These financial terms are in line with Deliveroo's shareholder approved Remuneration Policy.

For and on behalf of Deliveroo plc

Catherine SukmonowskiGroup Company Secretary

Contacts: 

Investor Relations

David Hancock, VP Investor Relations - investors@deliveroo.co.uk

Tim Warrington, Investor Relations Director - investors@deliveroo.co.uk

Media Relations

Joe Carberry, VP Communications - 07787 561 905

Tulchan Communications, James Macey White, Jessica Reid, Mark Burgess - deliveroo@tulchangroup.com