Ocado CEO Tim Steiner to Step Down in 2028 Amid Leadership Speculation

Ocado Tim Steiner leadership

L'essentiel

Ocado CEO Tim Steiner will step down in 2028 after co-founding the online grocer in 2000.
He will remain CEO until the 2028 financial year and then serve in a "founder role" until 2029.
The announcement follows speculation about leadership changes and a slump in the company's share price.

Résumé généré par IA

Taille de police

Ocado CEO Tim Steiner will step down in 2028 after co-founding the online grocer in 2000. He will remain CEO until the 2028 financial year and then serve in a "founder role" until 2029. The announcement follows speculation about leadership changes and a slump in the company's share price.

Read the full article on Guardian UK

Sujets liés

Ocado

SujetsTim Steiner leadership online grocery technology Marks & Spencer Kroger

This article was originally published by Guardian UK.

Articles liés

Plus sur ce sujetOcado

En développement·1 sa önce

UK Electric Vehicle Charger Rollout Slows Amid Cost Pressures and Target Uncertainty

The UK's public EV charger installation rate has slowed to 10% in H1 2026, down from over 40% in 2024. This slowdown, driven by cost pressures and uncertainty over government sales targets like the ZEV mandate, threatens the 2030 goal of 300,000 chargers.

Guardian UK

En développement·2 sa önce

EasyJet reaches agreement in principle with US investment firm over £5.2bn takeover bid

EasyJet has agreed in principle to a potential £5.2bn takeover offer from US investment firm Castlelake. The airline, which previously rejected four bids, is considering a proposal worth £6.90 per share. Regulatory approvals and a shareholder vote are still required.

BBC UK News

En développement·3 sa önce

Big Brewers Accused of Misleading Drinkers on 'Craft' and Origin

Camra, an ale enthusiasts' club, has asked the Competition & Markets Authority (CMA) to investigate big brewers for allegedly misleading drinkers about 'craft' credentials and geographical origin. The group claims multinational breweries use anti-competitive tactics to sideline smaller rivals, impacting consumer choice and quality.

Guardian Business

En développement·3 sa önce

Lanarkshire Residents Fear AI Datacentre Project Will Ruin Homes and Green Belt

Residents in Lanarkshire, Scotland, fear a planned AI datacentre complex will negatively impact their properties and green belt land, with concerns over misleading job and investment promises. The project, part of the UK's AI growth zone initiative, may rely on the national grid rather than solely on-site renewables, and job figures appear inflated.

Guardian Business

En développement·3 sa önce

Sky to Buy ITV's Broadcasting and Streaming Arm for £1.6bn

Sky, owned by Comcast, will acquire ITV's broadcasting and streaming assets for £1.6bn, creating the UK's largest commercial broadcaster. The deal includes ITV's channels and ITVX, while Sky sells Love Productions to ITV.

Guardian UK

En développement·5 sa önce

Allison Kirkby's BT Turnaround: A Lucky General or Driving Force?

BT CEO Allison Kirkby has overseen an 80% share price climb and a £5.6m pay package. Questions linger on her credit for the revival, with foundations potentially laid by predecessor Philip Jansen. Kirkby faces competition and challenges in unlocking Openreach's value.

Guardian UK

Plus sur ce sujetOcado