Ocado Group confirmed it is regularly engaging with potential candidates to succeed chief executive and co-founder Tim Steiner. The company told investors that the CEO and board continually engage in long-term succession planning, following reports that Niklas Heuveldop, chief executive of Ericsson subsidiary Vonage, has been considered as a potential new boss. Steiner, a former Goldman Sachs banker, co-founded Ocado in 2000. The confirmation comes amid a wider restructure that includes cutting around 5% of its global workforce, mainly at its Hertfordshire headquarters, and after its share price fell to around £1.80 from a 2020 peak of about £29.
Ocado Group PLCCEO succession planning and workforce cuts amid share price decline from peak.
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