Business
Leadership Transition Update
Ocado Group plc has provided an update on its leadership transition, announcing that CEO Tim Steiner will continue in his role through the start of the 2028 financial year and remain actively involved with the company until 2029. This extended tenure allows for a collaborative succession planning process, expected to conclude around the start of FY28, ensuring a smooth handover of responsibilities. Following the appointment of a successor, Steiner will transition to a Founder role, offering strategic guidance and market expertise through 2029. Disclaimer*
About this update from Ocado Group Plc
OCADO GROUP PLC 6 July 2026 Ocado Group plc Leadership Transition Update Following the recent announcement regarding CEO succession planning, Ocado Group plc ("Ocado" or the "Company") is pleased to provide further clarity on the next phase of its long-term leadership transition. Tim Steiner will continue to serve as Chief Executive Officer through the start of the 2028 financial year and remains fully committed to driving the Company's strategy, operations and growth initiatives throughout this period. Tim will also continue to be actively involved with the Company through 2029. The Board and Tim have been engaged in a thoughtful and collaborative succession planning process designed to support Ocado's long-term success. The Company expects this process to conclude around the start of the 2028 financial year. During FY27 and up to the completion of the succession process, Tim will continue leading the business as CEO while working closely with the Board to identify and prepare the next generation of leadership. Together, they will ensure a smooth and orderly transition of executive responsibilities, maintaining continuity for colleagues, clients and shareholders. Following the appointment of a successor, Tim will transition into a Founder role, reflecting his unique perspective and longstanding commitment to Ocado. In this capacity, he will continue to provide strategic guidance, deep market expertise and support to the Board, management team and customers through 2029, helping to advance the Company's long-term ambitions and strengthen its relationships across the industry. The Board is grateful for Tim's continued leadership and looks forward to working alongside him throughout this next chapter of Ocado's development. Contacts Tim Steiner, Chief Executive Officer Stephen Daintith, Chief Financial Officer Nick Coulter, VP of Group Capital Markets and FP&A ([email protected]) Jamie Kerr, Director of Communications ([email protected]) Lucy Legh, Matt Denham, Jack Gault at Headland Consultancy - ([email protected]), on +44 (0) 20 3805 4822 Further information about Ocado is available on its website at www.ocadogroup.com . Person responsible for arranging release of this announcement: Mollie Stoker Group General Counsel and Company Secretary Ocado Group plc Buildings One & Two Trident Place Mosquito Way Hatfield, Hertfordshire AL10 9UL Email: [email protected] Ocado Group plc LEI: 213800LO8F61YB8MBC74