Delivery Hero’s founder and CEO Niklas Ostberg will step down after 15 years leading the global food delivery business, with the company commencing a search for his successor. 

Ostberg will remain in the role until a replacement is appointed by March 31 next year, with the transition expected to be completed by the end of the year. 

In a statement, the company said the succession process comes as Delivery Hero enters its next phase of strategic development and operational focus. 

“This is the right moment to begin handing the company over to its next chapter,” said Ostberg. 

“Through the Strategic Review that we announced in December, we have set the long-term path: Going deeper in our markets, increasing customer touchpoints and improving the consumer offering under the Everyday App strategy.” 

Founded in 2011, Delivery Hero operates across more than 60 markets through brands including Foodpanda, Glovo, and Talabat. 

Earlier this year, Grab agreed to acquire Delivery Hero’s Foodpanda delivery business in Taiwan for US$600 million in cash, marking the Singapore-based super app’s first expansion beyond Southeast Asia.