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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 group faces up to a falling share price.

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independent.co.uk

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cityam.comStai leggendo9 g fa

Ocado to replace founder Steiner as shares plunge

Ocado founder Tim Steiner to be replaced as CEO after shares fell 20% to 12-year lows; Kroger's warehouse closure triggered 17% single-day drop. For warehouse-automation vendors, the case signals critical risk: client concentration, unilateral volume cuts, and weak contract enforcement.

originale

independent.co.uk9 g fa

Ocado ‘regularly engaging with potential candidates’ to succeed boss

It comes after reports the firm was preparing to appoint a successor to Tim Steiner, one of the founders of the business in 2000.

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lunedì 22 giugno 2026·cityam.com
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 group faces up to a falling share price.
lunedì 22 giugno 2026·independent.co.uk
Ocado ‘regularly engaging with potential candidates’ to succeed boss
It comes after reports the firm was preparing to appoint a successor to Tim Steiner, one of the founders of the business in 2000.