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Shareholders push Ocado board to oust chief Tim Steiner

Co-founder could remain at grocery tech company in a different role

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ft.com

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ft.comStai leggendo25 g fa

Shareholders push Ocado board to oust chief Tim Steiner

Co-founder could remain at grocery tech company in a different role

originale

cityam.com28 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.

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Timeline cronologica

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.
giovedì 25 giugno 2026·ft.com
Shareholders push Ocado board to oust chief Tim Steiner
Co-founder could remain at grocery tech company in a different role