Klaus Nyengaard informs us he has stepped down as the CEO of the London-headquartered but Denmark-founded Just Eat, the world’s largest takeaway service. Just Eat has grown rapidly during his tenure, expanding from 35 employees mostly in Denmark, to over 1,000 employees with operations in 13 countries, including “more difficult” markets, such as Brazil. In 2012 the company was profitable and is now generating over €750m in food orders for its restaurant partners

Commenting on his departure, Klaus Nyengaard calls it “Tough, but the right decision for the company.”

“I have loved my time working at JUST EAT and believe it is a great company with an exciting future. However, I made a commitment to return to Denmark with my family nearly two years ago. Since then I have been commuting between Denmark and London, which was ultimately not the perfect solution for the Company or me.”

While the timing is surprising, the reason for his departure doesn’t come as a shock. In last year’s interview in our Podcast, Nyengaard spoke strongly about the importance of family life, and how much he enjoys unplugging at his farm in Denmark.

No word was given if Nyengaard has any other ventures in mind, but we wish him the best of luck in his next steps. The existing executive team led by Chairman John Hughes will run the company while a search is conducted for a new CEO.

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