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Pressure Builds on Just Eat’s Board After $16 Million Ski Trip

  • Lucerne planning to vote against re-appointment of CFO
  • CEO traveling to New York next week to meet investors
Jitse Groen
Jitse GroenPhotographer: Stephen McCarthy/SPORTSFILE/Getty Images

Fresh from taking his company on a Swiss ski trip, Just Eat NV Chief Executive Officer Jitse Groen is heading to New York to meet investors after a collapsing share price and the prospect of complaints about the company’s management at the annual general meeting.

Lucerne Capital Management said Thursday it planned to vote against the re-appointment of the food delivery company’s chief financial officer and supervisory board in order to “send a clear message to the board expressing our disappointment.” That comes as Groen alerted shareholders that he will travel to New York for investor meetings next Thursday, giving about a week of advanced notice, according to a person familiar with the matter.