On January 21, 2019, Cat Rock Capital Management LP announced that it issues a statement regarding its investment in Just Eat plc. In the statement, Cat Rock Capital stated that the Company announced that Peter Plumb is stepping down as CEO with immediate effect. Cat Rock Capital stated that it welcomes the Board’s recognition that the Company’s slow pace of planning and lack of management accountability needed to change. Cat Rock Capital also stated that it looks forward to engaging with Board and other shareholders on finding an appropriate replacement and setting an effective remuneration package.