(Reuters) – Cat Rock Capital Management LP on Monday urged Just Eat Plc to start merger discussions, saying the London-listed takeaway ordering website would benefit from a deal rather than relying on a new chief executive officer to turn around the business.

Cat Rock, which owns 1.7 percent of Just Eat’s shares, said the company should merge with a “well-run industry peer”, blaming a poor record of CEO selection in the past.

Just Eat’s Chief Executive Peter Plumb parted with the company just after 16 months in the role.