Why Ocado has chosen now to settle its CEO succession plans
After nearly two weeks of gathering speculation and reports of an increasingly bitter boardroom battle, Ocado has today laid out its succession plans for chief executive Tim Steiner.
In an announcement to the City this morning, Ocado said it expected to conclude succession planning during its 2028 financial year – beginning December 2027. It went on to say that after appointing a successor, co-founder and chief executive Tim Steiner would “transition into a founder role, reflecting his unique perspective and longstanding commitment to Ocado”.
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