REG - Ocado Group PLC - Directorate Change

OcadoAnnouncement

14/07/2022 11:00

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RNS Number : 4922S  Ocado Group PLC  14 July 2022

DIRECTORATE CHANGES

OCADO GROUP PLC

14 July 2022

 

Ocado Group plc

Board Committee Changes

 

Ocado Group plc ("Ocado" or "Company") announces the following changes to the
composition of its committees.

Committee composition changes

On the recommendation of the Nomination Committee, the Board has approved the
following changes to the composition of the Board committees.

Michael Sherman, Non-Executive Director since October 2020, will become a
member of the Audit Committee with effect on 22 July 2022.

Nadia Shouraboura, Non-Executive Director since September 2021, will become a
member of the Audit Committee with effect on 22 July 2022.

Emma Lloyd, Non-Executive Director since December 2016, will cease to be a
member of the Audit Committee with effect on 22 July 2022. Emma will continue
as a member of the Remuneration and Nomination Committees.

Andrew Harrison, who was appointed Designated Non-Executive Director for
engagement with the Company's workforce in March 2019, will become the Chair
of the Nomination Committee with effect from 22 July 2022. In conjunction with
this appointment, the Nomination Committee will change its name to the "People
Committee" and will expand its remit to cover people engagement issues for the
whole Group. This will provide a greater opportunity for Andrew to further the
role of the Group's Designated Non-Executive Director and provide a critical
link between the Board and our Ocado workforce. It will also allow the Board
to discuss wider workforce views and priorities and help strengthen the
employee voice in the Boardroom. Richard Haythornthwaite will cease to be the
Chair of the Nomination Committee at the same time, but will continue his
membership of the Nomination Committee.

 

The table below confirms the new composition of the committees, following
implementation of all the above mentioned changes.

 Committee               Composition prior to above mentioned changes  Composition following all the above mentioned changes
 Audit Committee         Julie Southern (Chair)                        Julie Southern (Chair)

                         Andrew Harrison                               Andrew Harrison

                         Emma Lloyd                                    John Martin

                         John Martin                                   Michael Sherman

                                                                       Nadia Shouraboura
 Remuneration Committee  Andrew Harrison (Chair)                       Andrew Harrison (Chair)

                         Julie Southern                                Julie Southern

                         Emma Lloyd                                    Emma Lloyd
 Nomination Committee    Richard Haythornthwaite (Chair)               Andrew Harrison (Chair)

                         Jörn Rausing                                  Richard Haythornthwaite

                         Andrew Harrison                               Jörn Rausing

                         Emma Lloyd                                    Emma Lloyd

                         Julie Southern                                Julie Southern

                         John Martin                                   John Martin

                         Michael Sherman                               Michael Sherman

                         Nadia Shouraboura                             Nadia Shouraboura

 

 

The person responsible for arranging the release of this announcement is:

Neill Abrams

Group General Counsel and Company Secretary

Ocado Group plc

Buildings One & Two Trident Place

Mosquito Way

Hatfield

Hertfordshire

AL10 9UL

Tel: +44 (0)1707 228 000

Email: company.secretary@ocado.com (mailto:company.secretary@ocado.com)

Ocado Group plc LEI: 213800LO8F61YB8MBC74

Notes:

1.   As Non-Executive Directors, the newly appointed Audit Committee
members, will each be paid a Committee membership fee in line with the
Directors' Remuneration Policy. Andrew Harrison, as the newly appointed
Nomination Committee chair, will be paid a fee of £20,700 per annum, in line
with the Directors' Remuneration Policy. This is the first occasion that such
Committee Chair role has been remunerated, but the introduction of such fee,
approved by the Board, reflects the newly expanded remit of this Committee.

 

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