Ocado
Coverage of Ocado in the Nexus archive.
- Ocado chief says he won’t be a ‘puppet master’ amid apparent succession row
Ocado CEO Tim Steiner denies he will act as a 'puppet master' in a succession dispute, as the company's shares fall nearly 15% due to a sharp drop in pre-tax profits to £17m. Steiner, who plans to step down in 2028, stated any successor would work with him.
- Ocado co-founder to step down as chief executive in 2028
Ocado's co-founder and CEO Tim Steiner will step down in 2028, remaining in the role until December 2027 before transitioning to a founder role for an additional year. The company aims to have a successor in place by the start of the 2028 financial year.
- Ocado Says Co-Founder Tim Steiner to Step Down as CEO in 2028
Ocado announced that co-founder Tim Steiner will step down as CEO in 2028. The statement confirms his departure from the role but does not specify a successor.
- Spotlight falls on Ocado boss Tim Steiner’s £100m in payouts
Ocado's CEO Tim Steiner has received nearly £100m in payouts since 2010 despite the company's share price being below its flotation level. Ocado is considering replacing Steiner amid concerns over high pay and financial performance.
- Asda strikes deal to use Ocado software for home deliveries from next year
Asda will use Ocado’s technology to manage its online grocery store and home deliveries starting in 2027. The deal includes support for Asda’s website and deliveries from stores and dark stores.
- Asda teams up with Ocado to revive ailing online sales
Asda has partnered with Ocado to boost its struggling online sales. The collaboration aims to revive the performance of Asda's e-commerce platform.