Deliveroo has lined up former Worldpay CFO Rick Medlock to chair its audit committee as it prepares to list, Sky News reports.

Set to join the delivery giant’s board as a non-executive director, Medlock’s experience spans several tech-focused public companies.

He is a non-executive director of medical devices maker Smith & Nephew, and has chaired audit committees at Sophos, a provider of cybersecurity services, and Thus, the telecommunications group.

According to Sky, the appointment is a further indication of Deliveroo’s intention to list in coming months, news of which was first reported by Bloomberg in September.

It is understood that the company appointed Goldman Sachs and JP Morgan last month to advise it on its initial public offering (IPO) plans.

Sources have told Sky it could take place as early as Q1 2021, and is expected to value the company at £2bn.

Deliveroo declined to comment on Medlock’s appointment.