was replaced as Grubhub CEO by Adam DeWitt, Chilis hires advertising veteran Jesse Johnson as VP of marketing, Zaxbys names KFC veteran as new chief supply chain officer, Burger King taps a former Pepsico executive to head U.S. marketing, Texas Roadhouse names Gina Tobin president, Texas Roadhouse CFO Tonya Robinson retires. GrubHub Inc (GRUB)'s detailed insider trading history can be found in Insider Trading Tracker table. Your email address will not be published. He founded Grubhub in 2004 and has grown the company into one of the leading online and mobile takeout food ordering and delivery services. Both Seamless and Grubhub made things a lot simpler by saving card information and uploading the complete menus of local restaurants. That was major--it's a lot easier to pull out your phone and order with three thumb taps. That placement worked very well. He is also on the board of The Museum of Science & Industry and Marquee . (JDL Development / E. Jason Wambsgans/Chicago Tribune (inset)), Built in 1953, the house does not significantly resemble how it looked when the Belushi family owned the home. . But that's obvious. OAKLAND, Calif. Just Eat Takeaway, a European food delivery service, said on Wednesday that it had agreed to buy Grubhub for $7.3 billion, a deal that would give it a foothold . We've received your submission. of 0 shares. As Chief Executive Officer and Director at GRUBHUB INC, Matthew Maloney made $8,308,632 in total compensation. GrubHub CEO Matt Maloney looks up at a screen during the company's IPO, on the floor of the New York Stock Exchange in New York April 4, 2014. I'm Adam Patnaude, Head of Investor Relations. . Advertisement 7. director & Chief Executive Officer Louis Rassey Gta 5 Net Worth 2022; Development, Controversial Issues and Awards, Lexie Spiranac Net Worth 2022; Biography, Wiki, Career (Updated). All of that contributed to a net loss of $68 million. Maloney joined JET's board following the acquisition and was replaced as Grubhub CEO by Adam DeWitt, who had been the company's CFO for nearly a decade. His exit comes shortly after Just Eat Takeaway.com completed a $7.3 billion takeover of the business in June. of This photo shows a rendering of the lobby. As the Chief Executive Officer and Director of Just Eat Takeaway.com N.V, the total compensation of Matthew Maloney at Just Eat Takeaway.com N.V is $7,835,650. Grubhub Net Worth, History, Founder, Revenue (Updated), Instacart Net Worth, Apoorva Mehta Net Worth, Yealy Valuation (Updated), Knife Aid Net Worth, Knife Aid Shark Tank Deal, Founder and Current Status, Hellofresh Net Worth, History, Founder, Services (Updated), Peloton Net Worth, History, Founder, Products (Updated), 19 Things You Didnt Know Billionaires Were Ruining, Minecraft Net Worth 2023; Founder, History, Stats (Updated), Michel Le Net Worth 2023; Biography, Wiki, Career (Updated), Wall Street Trapper Net Worth, Biography, Wiki (Updated). He grew into a business with over $1 billion in turnover and took the company public in New York in 2014. of 0 shares. Members help make our journalism possible. Matt Maloney and Mike Evans founded GrubHub, an online restaurant delivery service, in Chicago in 2004. Grubhub CEO Matt Maloney and his wife, Holly, last month sold a six-bedroom, 6,063-square-foot mansion in Chicago's Lincoln Park neighborhood for $3.45 million. GrubHub is free for diners who order and pay for their meals with . Mr. Maloney owns 4,635 shares of Just Eat Takeaway.com stock worth more than $282,967 as of January 18th. GrubHub co-founder Matt Maloney took his Chicago food ordering service from scrappy startup to a public company worth $3 billion. People in San Francisco loved it, and investors noticed. Inc. Best Workplaces Regular Rate Deadline 1/13 11:59 PM PT Apply . Save my name, email, and website in this browser for the next time I comment. GuruFocus tracks the stock performance after each of Matthew M. Maloney's buying transactions within different timeframes. The mansion is unusual for Lincoln Park in that it's built across a double lot and extends fully 50 feet, from lot line to lot line. In October of 2021, Maloney stepped down from the board of Just Eat Takeaway, an Amsterdam-based conglomerate that bought Grubhub, in June 2021, with a net worth of $150 million. The current estimated net worth of Grubhub Inc's CEO, Matthew M Maloney, is estimated to be about $106.29M . Amsterdam-based Just Eat Takeaway bought Grubhub, which also owns Seamless, in June for $7.3 billion, naming a new chief executive former president and chief financial officer Adam DeWitt to succeed Maloney, who was bumped up to the companys board. Home - Company - Grubhub Net Worth, History, Founder, Revenue (Updated). GrubHub CEO Matt Maloney joins "Squawk Box" to discuss the launch of the company's membership program, the future of delivery services in 2020, the coronavir. Learn More about Matthew M. Maloney's net worth. He founded Grubhub in 2004 and has grown the company into one of the leading online and mobile takeout food ordering and delivery services. Through this partnership, customers in over 500 cities were able to order takeout from over 20,000 restaurants. Other key executives at GrubHub Inc include Answer: Discuss the risks that Matt Maloney and Mike Evans took when they joined forces to start Grubhub. "He knows we have the best team in the world and we will build his legacy for decades to come.". During the past 18 months, 0 shares of Fast Radius Inc (FSRDQ) were sold and 0 shares were bought by its insiders, resulting in a net In 2019, there were over 19.9 million users and 115,000 restaurants associated with the company in over 3,200 cities throughout the United States. 1:24. I'm a pragmatic strategist, product leader and inventor with a proven track record of translating strategy into market leading products. Do not sell my personal infoPrivacy PolicyContact UsRSS, Grubhub founder Matt Maloney is leaving the company. Top Podcasts In Business The Ramsey Show Ramsey Network Planet Money NPR Jocko Podcast Jocko DEFCOR Network How I Built This with Guy Raz Guy Raz | Wondery REAL AF with Andy Frisella Andy Frisella #100to0 In addition, he makes $7,835,650 as Chief Executive Officer and Director at Just Eat . Matthew M Maloney who sold 4,000 units worth Prior to GrubHub's merger with Seamless North America LLC, Maloney led the company through five rounds of investment funding, the acquisition of . Under Matt's leadership, Grubhub grew its active diner network to more than 33 million users who can order from more than 300,000 takeout restaurants in over 4,000 cities. The oldest executive at Just Eat Takeaway.com N.V. is LindaRice, 62, who is the Independent Director. Last year, Chicagoans placed over 2 million dollars in orders for delivery through Grubhub.com. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. (VHT). Matthew M Maloney's largest sale order was 151,013 units , worth over Total Matt Maloney Net Worth in 2021 - $1 Million - $5 Million (Approx.) It's just smart. We figured this out when we advertised on mass transit in Chicago. He also navigated several key acquisitions including leading restaurant delivery services, Restaurants on the Run and DiningIn, as well as DotMenu and the launch of OrderHub in 2012. as one of Americas Most Powerful CEOs 40 and Under in 2016, and as one of. Peter Sawkins Age, Job: Is Peter GBBO Transgender or Gay? However, the Maloneys never . In November 2007, Grubhub secured $1.1 million in Series A funding, led by . On average, Just Eat Takeaway.com N.V executives and independent directors trade stock every 4 days with the average trade being worth of $277,667. Not a lot has changed since we went public. stock. over $300K on December 30, 2020. Matt Maloney, Grubhub CEO. Previously, Matt was the CEO of GrubHub, a company he co-founded in 2004 with his friend Mike Evans. In summary, during the past 3 months, insiders sold 0 shares of Legacy EJY Inc (ENJYQ) in total and bought 0 shares, with a net . Grubhub serves some 31 million diners who can order takeout from over 300,000 restaurants in more than 4,000 cities. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. To be detailed, the average return of stocks after 3 months bought by Matthew M. Maloney is 4.7%. Competitive Advantage - Grubhub does not have a competitive advantage. Organization Name. According to the SEC Form 4 filings, Matthew M. Maloney has made a total of Bob Goldsborough is a freelance reporter. director & Chief Executive Officer Ronald B Johnson He will step down from the board of Grubhub parent Just Eat Takeway at the end of November. I had a chance to recently talk to GrubHub's CEO Matt Maloney about where the company is at today and where he thinks it can go. Bio: Husband, Net Worth, Married, Family, Education (High School / College / University), The University of Chicago Booth Scholl of Business / University of Chicago / Michigan State University, Social Media (Twitter, Instagram, Facebook). That's when I heard the screeching wheels in my head: Why wasn't there something like this for food delivery? Maloney guided Grubhub through five rounds of investment funding, a merger with then-rival food ordering company, Seamless, in 2013, and its IPO in 2014. There's still the issue of the delivery drivers, so we're working on a tool to help them be more efficient. Save my name, email, and website in this browser for the next time I comment. CEO, Matt Maloney and our . The company's geographical segment includes North America and Europe. We have a business model that everyone understands. Matt Maloney was CEO of GrubHub Seamless as the company merged with two of the largest online food delivery services GrubHub and Seamless.com in the spring of 2013. 3) Lack of innovation for the industry. However, Grubhub also started offering delivery services to restaurants in response to . In 2004, Matt Maloney, along with his co-worker Mike Evans, launched Grubhub in Chicago. Matthew Maloney is the founder and CEO of online food ordering company, Grubhub, Inc. Fundamental company data provided by Morningstar, updated daily. Lead Investor. of 0 shares. $140 per post at $7/CPM. I want them to have one, because then they can process orders better and faster. Insider trading is most common in May, with the busiest year in 2017. His net worth sits at US$9.8bn - up from US$3.5bn in 2022. In 2006, GrubHub won the University of Chicago's New Venture Challenge and , And Matt Maloney ( Grubhub ) Wiki Bio: Wife, Net Worth 2020, Uber that! I would have been loath to say it before we merged, but the companies were similar--we were solving the same problems but in different geographies. Matt Maloney is the CEO and Director of Grubhub Inc. AOL Deli Food Order and Delivery Marketplace that connects local and fast food restaurants. He led the company through five rounds of investment funding, a 2013 merger with Seamless and a . It was just another hungry late night at work, but Matt Maloney sensed an opportunity. The two companies merged in 2013, creating a company capable of handling 70% of all takeout orders. sale . and Grubhub spent $319 million on operations and support to handle the growth in order volume and $120 million on sales and marketing, particularly to help drive orders to struggling restaurants. Liven Family Net Worth 2022 How Rich is the Family? Seamless consistently made very smart decisions, both with product and marketing. We're one of the few consumer internet companies for which offline advertising works really well--specifically, at transit hubs. of 0 shares. Hes also a member of ChicagoNEXT, an organization focused on growing business opportunities in Chicago. Learn More on Just Eat Takeaway.com's active insiders. Fast Radius Inc (FSRDQ) But British Columbia (BC) is quietly becoming the new copper hotspot. Raymond Taylor Net Worth 2022 How Rich is the Rapper? It also charges consumers a delivery fee for orders where the firm handles the delivery. But when we started asking restaurants for money, most of them didn't see the value. Mr. Maloney boasts that GrubHub . sale Lately, business has been good. We were frustrated by the lack of dinner options as well as the pain in the ass of calling restaurants and reading our credit cards. Matt Maloney, Grubhub co-founder and CEO, sent an anti-Trump email to employees after the Nov. 8, 2016, presidential election and said those who disagree with him have "no place" at the . Maloney played with the Houston Rockets from 1996 to 1999, [2] the Chicago Bulls during 1999-2000 and the Atlanta Hawks for the 2000-01 and 2002-03 seasons . The reason is that a subsequent owner added a second story in 2006 and reclad its exterior. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. --As told to Liz Welch. Matt Maloney is the Chief Executive Officer & Director at Grubhub, Inc, an American online and mobile prepared food ordering and delivery marketplace that connects diners with local takeout restaurants. The estimated net worth of Matthew M. Maloney is at least $83,476 dollars as of 2023-01-18. Matthew M Maloney's largest purchase order was 15,416 units , worth over We realized that certain restaurants were having a hard time keeping up with the volume of orders. Biography of Matthew Maloney. and bought an estimated value of $22.04M worth of shares. Net Worth: $145 Million: Height in Feet: 5 ft 10 in: Height: 1.78 meters: . In 2004. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. The company was founded in 2000 and is headquartered in Amsterdam, the Netherlands. They had spent thousands of dollars putting up crappy websites that nobody ever found, so the idea of paying for another site of unknown value wasn't appealing. About GrubHub. Get todays need-to-know restaurant industry intelligence. Under Matt's leadership, Grubhub grew its active diner n etwork to more than 33 million users who can order from more than 300,000 takeout restaurants in over 4,000 cities. Matthew M. Maloney is the director & CEO of GrubHub Inc. Matthew M. Maloney currently owns a total of 1 At the time, Maloney wrote a 10-page letter to investors and pointed a finger at what he called promiscuous diners who were getting lured to other services like UberEats and Doordash that have been dangling discounts, he said. (I have at least heard of them.) Since then, they've expanded into 300 cities, and raised $84 million in venture financing. GrubHub co-founder Matt Maloney took his Chicago food ordering service from scrappy startup to a public company worth $3 billion. Before the merger, Seamless was our biggest competitor, so I was very aware of what it was doing. $200 per post at $10/CPM. It derives a majority of revenue from North America. Enter your email address below to get our daily insider buying and selling report. His friend Mike Evans a total of Bob Goldsborough is a freelance.. After each of Matthew M. 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