Duncan Tatton-Brown to step down as Ocado CFO
Online grocer Ocado has announced that Duncan Tatton-Brown has decided to step down as the company’s chief financial officer.
He has held the role for eight years and is relinquishing the position due to family circumstances.
Tim Steiner, Ocado chief executive, said: “Duncan joined us in 2012 when Ocado was a very different business to what it is today. He has made a critical contribution to our growth as a company and the successful execution of our strategy. As importantly, he has been a highly valued colleague to us all and we will miss him.”
Tatton-Brown will be succeeded by Stephen Daintith who is currently chief financial officer of Rolls-Royce. While Daintith’s start date has yet to be confirmed, Tatton-Brown will remain in his role until 22 November and will then continue as a non-executive director of Ocado subsidiaries Ocado Retail, Jones Food Company and Karakuri.
Prior to Rolls Royce, Daintith held senior roles at Daily Mail and General Trust, Dow Jones and News International. Ocado said his international, engineering and manufacturing experience will be very valuable to the business.
Lord Rose, chairman of Ocado, added: “We are delighted that Stephen will be joining the board and the company as CFO. Stephen’s broad experience will be an asset to the company as we continue to grow and develop the business at pace.”