Next boss Lord Simon Wolfson has left the board of nationwide takeaway delivery business Deliveroo saying he no longer had enough time to support it.
The departure was announced as Deliveroo revealed that pre-tax losses were growing because cash-strapped customers were cutting back on food deliveries.
Lord Wolfson is the longest-standing boss at a FTSE 100 business having been chief executive at Leicestershire-headquartered Next since May 2001. He joined the Deliveroo board as a non-executive director 18 months ago in the run up to its stock market listing in spring, 2021.
