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Ocado announces board changes

Thursday January 28th 2016

Ocado has announced a series of changes to its board composition in line with its succession plans.

The online supermarket has appointed Andrew Harrison, deputy chief executive of Dixons Carphone, as an independent non-executive director of Ocado. He will take up his role on 1 March.

Lord Rose, Ocado chairman, said: "We are delighted that Andrew is joining Ocado, as we continue to grow the business and develop our technology solution. Andrew brings significant retail and technology experience and we will benefit from his new insight."

Ocado has also announced that David Grigson, senior independent director and non-executive director of Ocado, has signalled his intention to retire from the board at Ocado's Annual General Meeting on 4 May 2016.

As a result of these board changes, a number of other director succession decisions have been taken.

These will include Lord Rose succeeding Grigson as chairman of the Nomination Committee and Alex Mahon being appointed senior independent director. Both appointments will take effect from 4 May.

Andrew Harrison will be a member of the board's Remuneration Committee, Audit Committee and Nomination Committee with effect from 1 March 2016, while David Grigson will step down from these same committees on 4 May to allow for a period of continuity.