Ocado's Co-Founder Tim Steiner to Step Down by 2028
Tim Steiner, co-founder and CEO of Ocado (OCDO.L), will step down as chief executive at the start of its 2028 financial year. He plans to transition into a founder role through 2029 in what is described as thoughtful succession planning. The decision follows weeks of leadership tensions among board members but avoids public conflict.
Topics: CEO transition Ocado share price decline Tim Steiner