Source - Alliance News

Deliveroo PLC on Monday named Group PLC's Scilla Grimble as its new chief financial officer, replacing Adam Miller.

Shares in Deliveroo were down 7.5% to 80.02 pence each in London on Monday morning, while shares were 0.3% higher at 175.00p.

Grimble, who is currently chief financial officer at the FTSE 250-listed price comparison site, is expected to commence her appointment by no later than June 2023, the London-based food delivery firm said.

Grimble joined as chief financial office in 2019. Prior to this, she was interim CFO at Marks & Spencer Group PLC, where she was also director of group finance. Chief Executive Peter Duffy said: ‘Scilla has made a significant contribution to the group since 2019 and has been a valuable colleague to me since I became CEO in 2020. I am grateful for all she has done and wish her well in her new role.’

Meanwhile, Deliveroo said CFO Adam Miller will be stepping down on September 17, with David Hancock, currently vice president of Investor Relations, to replace him on an interim basis.

Hancock, who will continue in his current role concurrently, will not be joining the board, Deliveroo said.

Deliveroo Chair Claudia Arney 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 vice president of Strategy to taking on the interim CFO role at a critical time, and then as CFO helping us through Covid and navigating the initial public offering’, Arney added.

Moneysupermarket said the search for a new CFO is underway.

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