Next boss quits Deliveroo board

Next boss Lord Wolfson has quit as a non-executive director of food delivery giant Deliveroo, it has emerged.

The move comes after Deliveroo said its losses were growing because of the cost of living crisis.

Lord Wolfson said: “After much consideration, and with regret, I believe that the time required to continue in my role at Deliveroo is no longer compatible with my executive and other commitments. I have enjoyed my time working with Will, the executive team and my board colleagues over the past 18 months and wish the company all the best for the future.”

Chair Claudia Arney said: “Simon has played a key role in supporting the company in its first year as a public company. His experience, advice and guidance have helped to navigate an unprecedented trading environment and to build solid foundations to capitalise on the opportunities ahead of us. On behalf of the board I would like to extend our sincere thanks for his important contribution.”

In its half-year report yesterday, Deliveroo said it made a loss of £147m in the first six months of the year, compared with £65m last year. This came a month after it downgraded its full-year performance figures.