Delivery Hero co-founder and CEO Niklas Östberg will step down, as the supervisory board of the German food delivery platform prepares to begin a search for his successor.

In a statement, the company said Östberg will hand over leadership of the business by 31 March 2027. The supervisory board will begin the succession process shortly and aims to complete it by the end of this year.

Östberg will remain CEO during the transition and support the “next phase of the Strategic Review and associated M&A processes”, which was announced in December 2025.

Commenting on his exit, Östberg said: “This is the right moment to begin handing the company over to its next chapter. Through the strategic review that we announced in December, we have set the long-term path: going deeper in our markets, increasing customer touch points and improving the consumer offering under the Everyday App strategy.

“Delivery Hero is not just the platform, it’s the people who keep building it. I am incredibly proud of the team that has built this company over the last 15 years and I have full confidence they will keep building value over the years ahead.”

According to a Reuters report, Aspex Management, which recently raised its stake in Delivery Hero to 15%, supported the CEO transition.

Founded in 2011, the food delivery platform currently operates in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa. It has also been listed on the Frankfurt Stock Exchange since 2017.

Delivery Hero's supervisory board chair Kristin Skogen Lund said: “The supervisory board thanks Niklas for 15 years of building, for the discipline of how he is enabling this transition, and for his continued leadership through the next phase of the strategic review.

“The management and supervisory boards remain fully aligned on the path ahead and on delivering value for all shareholders.”