Delivery Hero

Delivery Hero, a Berlin-based global online food delivery service, is currently facing significant pressure from a major investor, Aspex Management. The Hong Kong-based asset manager is demanding a substantial overhaul of the company's management board, including the removal of CEO and founder Niklas Östberg. This demand stems from Aspex's concerns regarding Delivery Hero's declining profits and a perceived lack of regional focus. Aspex has reportedly sent letters to the supervisory board threatening to push for a leadership change if their demands are not met. The situation highlights the challenges Delivery Hero faces in balancing global expansion with profitability and satisfying shareholder expectations. The outcome of this power struggle could significantly impact the company's future direction and leadership.