Ocado to replace founder Steiner as shares plunge

Ocado Seeking Successor For Chief Executive

Ocado Group has confirmed that it is searching for a successor to long-serving Chief Executive and co-founder Tim Steiner. The company, which now focuses on licensing its grocery delivery technology to other retailers, issued a statement this morning in response (more…) The post Ocado Seeking Successor For Chief Executive appeared first on KamCity.

Ocado begins hunt for successor to CEO Tim Steiner

Niklas Heuveldop, chief executive of Ericsson-owned Vonage, has been considered to replace the retail tech group’s co-founder

Ocado to replace founder Steiner as shares plunge

The board of Ocado is on the hunt for a successor to its founder and chief executive, Tim Steiner, as the e-commerce group faces up to a rapidly falling share price. The FTSE 250 firm, which offers online shopping and warehouse automation services, confirmed on Monday that it is putting together a succession plan for its long-serving chief. Steiner jointly founded the group in 2000 and later led its float in 2010. The stock debuted at 180p, but …