Ocado names technology veteran Warby as chair (updated)
31/10/2024 07:49
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LONDON, Oct 31 (Reuters) - Ocado OCDO.L , the British
online supermarket and technology group, on Thursday named Adam
Warby as its chair from Dec. 1, succeeding Rick Haythornthwaite.
Warby is a veteran of the technology sector. He is currently
chair of NASDAQ-listed advisory group Heidrick & Struggles
International HSII.O and is a previous chair of Swiss software
firm SoftwareOne Holding. He has also worked for Microsoft and
IBM.
Ocado said Warby would join as a non-executive director on
Nov. 1.
Shares in the group have lost over half their value this
year. However, in July, Ocado did raise its margin guidance for
its 2023/24 year.
CEO and co-founder Tim Steiner said Warby was joining at an
important moment in the group's development with its technology
now live with 11 of its 13 partners globally.
(Reporting by James Davey, Editing by Paul Sandle)
((james.davey@thomsonreuters.com))