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The Cat Rock shareholder again criticized Just Eat for recent appointments to the board of directors and ordered his party to merge.
Cat Rock Capital, which holds 2% stake in the company, asked Monday for the food delivery business to merge with a "well-managed sector counterpart".
This, he said, was a better result than "relying on the board of directors to choose a new CEO" after the departure of his boss, Peter Plumb, last month.
Cat Rock's letter said, "Since Mr. Plumb's departure, we have tried to work constructively and privately with the board of directors to achieve the best possible outcome for all Just Eat shareholders.
"Unfortunately, recent developments have clearly shown that the committee is on track to repeat the serious mistakes that led to the appointment of Mr. Plumb.
Cat Rock says that a merger with a well-managed sector counterpart would be a much better outcome for shareholders than relying on the board of directors to choose a new general manager.
Cat Rock
"Cat Rock says that a merger with a well-managed sector counterpart would be a much better outcome for shareholders than relying on the board to choose a new CEO."
A merger would bring "world-clbad management, delivery capabilities, a bonus" and value creation, the group added.
The investor complained about the departure of Chris Simair, General Manager of Canada's Skip The Dishes, Just Eat, who was replaced by Kevin Edwards, Marketing Manager.
"Ignoring the lead lesson, Just Eat shockingly confided the leadership of this crucial venture to the former marketing director of the Movember Foundation, a non-profit organization that requires men to grow mustaches."
Customer Service Manager Peter Duffy acts as Interim Executive Director during Mr. Plumb's replacement.
This is the second time that Cat Rock has pushed his claws into Just Eat.
She recently described the company as the worst online food company in the world, calling for radical upheaval.
The US investment company also wants Just Eat to sell non-core badets, such as its participation in iFood activities in Brazil and in other non-European activities.
Just Eat desperately tries to follow Deliveroo and Uber, companies that have recently invaded his territory.
Rumors that Uber is negotiating to buy his rival Deliveroo have recently hit the shares of Just Eat.
Press Association
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