Ocado appoints Sir Stuart Rose as chairman
Online grocer Ocado has announced that former Marks and Spencer executive chairman Sir Stuart Rose is to become its new chairman.
Rose will become chairman designate in March before taking up the position of chairman following Ocado's AGM in May.
He will replace current chairman Lord Grade, the former BBC and ITV chair, who is retiring after six years in the role.
Tim Steiner, Ocado chief executive officer, said: "Sir Stuart is joining Ocado as we enter a hugely exciting period, with a near doubling of our capacity. We are looking forward to benefiting from his extensive retail experience and counsel.
"Lord Grade has been a great asset to the Company during his tenure as Chairman of the Board and personally a great support to me. We are grateful to him for his guidance, insight and expertise over the years and wish him well in his retirement."
Rose added: "I have been very impressed at the impact and progress Ocado has made to date. As retail goes through a fundamental shift into the digital world, I believe Ocado's model and the high standards of customer service it provides will see it emerge as a powerful online player.
"I am looking forward to being part of the team."
Separately, the company has confirmed that Jack Wills chief operating officer Wendy Becker is to stand down as an Ocado non-executive director.
Lord Grade said: "We are very sorry to lose Wendy but fully understand that she has new extensive responsibilities as chief operating officer at Jack Wills. The Board would like to thank Wendy for her valued contribution to Ocado, and we wish her well for the future."
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