Restaurant delivery app Deliveroo has ended its nine-month search for a chief financial officer as it eyes a possible stock market float next year.
Deliveroo has appointed former Expedia executive Adam Miller as its new chief financial officer, according to Sky News.
Miller who has been at Deliveroo since 2019 on an interim basis will now take on the role full time.
The appointment of a full-time chief financial officer is the latest move to strengthen its senior team and has led to increased speculation that it is edging closer to a stock market listing, with next year being the most likely option.
Last month the app received a huge boost when the Competition and Markets Authority green-lit Amazon’s acquisition of a 16% stake in the company.
It has also been able to turn around its financial fortunes in the midst of the coronavirus pandemic, which shut down many of Deliveroo’s existing restaurant partners.
Chief executive Will Shu reportedly told staff on Wednesday: “Deliveroo’s vision is to be the definitive food company.
“From our global expansion to developing industry-leading innovations such as Editions, we have made huge strides.
“After a period in which we have had to adapt our offer to riders and restaurants, we can look to the future with confidence and I’m excited about what this new structure will enable us to accomplish.”
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