Just Eat's Peter Duffy named interim CEO following surprise Peter Plumb departure

Keiligh Baker's picture

Just Eat’s top marketer Peter Duffy has been named interim chief executive following a surprise decision by incumbent Peter Plumb (pictured) to step down with immediate effect.

Plumb is leaving just 16 months after he joined the British takeaway ordering website and launched an investment drive that slowed earnings growth.

He joined from MoneySavingExpert.com on a base salary of £695,000 and upgraded Just Eat’s technology and launched its own delivery service to address intensifying competition from Deliveroo and Uber Eats.

Plumb’s exit comes as the online food order and delivery service reported facilitating 221m food orders in 2018, generating revenue of £780m and underlying EBITDA of between £172-£174m.

Its shares, which have fallen 18% in the past 12 months, were down 2% at 646p in early Monday trading.

“Peter Duffy and the senior leadership team will continue to drive the execution of our strategy, which has the full backing of the board,” the chairman, Mike Evans, said.

Last month Just Eat handed its newly unified global creative account to McCann.

Duffy previously held the top marketing role at budget airline EasyJet.

 

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