Ocado co-founder to step down as chief executive in 2028
Online grocer says Tim Steiner will remain as CEO until December 2027 before taking on ‘founder role’ for a further year Business live – latest updates Ocado’s co-founder and chief executive, Tim Steiner, will stand down in 2028 after weeks of speculation over the online grocer’s leadership. Steiner, who co-founded Ocado in 2000 with two other former Goldman Sachs bankers, will continue to serve as chief executive until the start of the 2028 financial year, which begins in December 2027, by whic
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Ocado’s shares have halved in value over the past year as the company has sought new overseas partners. Photograph: Bloomberg/Getty ImagesView image in fullscreenOcado’s shares have halved in value over the past year as the company has sought new overseas partners. Photograph: Bloomberg/Getty ImagesOcadoOcado co-founder to step down as chief executive in 2028Online grocer says Tim Steiner will remain as CEO until December 2027 before taking on ‘founder role’ for a further year Business live – latest updates Julia KolleweMon 6 Jul 2026 04.53 EDTLast modified on Mon 6 Jul 2026 05.04 EDTSharePrefer the Guardian on GoogleOcado’s co-founder and chief executive, Tim Steiner, will stand down in 2028 after weeks of speculation over the online grocer’s leadership.Steiner, who co-founded Ocado in…
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