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 (investor.relations@ocadogroup.com)
Jamie Kerr, Director of Communications (pressoffice@ocadogroup.com)
Lucy Legh, Matt Denham, Jack Gault at Headland Consultancy - (ocadogroup@headlandconsultancy.com), 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: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74