Ocado confirms succession planning for founder-CEO Tim Steiner underway
Ocado Group PLC disclosed it is actively engaged in long-term succession planning for founder and CEO Tim Steiner, following media reports the board is lining up a potential successor to the executive who co-founded the company in 2000.
Ocado Group PLC disclosed it is actively engaged in long-term succession planning for founder and CEO Tim Steiner, following media reports the board is preparing for an eventual leadership transition. The UK-based online grocery technology company issued a statement Monday confirming it "continually engage[s] in long-term succession planning and regularly engage[s] with potential candidates," responding to a Sky News report that the board was lining up a successor to Steiner.
Steiner co-founded Ocado in 2000 and has led the company through its evolution from online grocer to technology platform provider licensing warehouse automation and logistics software to retailers globally. The company's statement did not name potential successors, provide a timeline for any transition, or indicate whether Steiner plans to step down. The disclosure follows broader investor scrutiny of founder-led technology companies where a single executive has held the CEO role for more than two decades.
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