REG - Ocado Group PLC - Directorate Change

OcadoAnnouncement

28/07/2022 07:16

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RNS Number : 9988T  Ocado Group PLC  28 July 2022

28 July 2022

 

Ocado Group plc

 

Ocado Group announces Board and executive changes

The Board of Ocado Group would like to announce the following changes to the
executive responsibilities of Board member Mark Richardson.

Mark, currently Chief Operating Officer, will shortly be taking up a new role
as the CEO of our new business extending Ocado's product offering into new
market sectors alongside grocery.

 

Tim Steiner, Chief Executive Officer of Ocado Group, said:

 

"In 2020 Ocado Group expanded outside of our core grocery focus with the
acquisitions of Kindred Systems and Haddington Dynamics. With the upcoming
launch of our Re:Imagined Ocado Smart Platform ('OSP') products, Ocado Group
will have a product range that will set an unrivalled level of performance
both in price and throughput, not only in grocery, but can also be adapted for
automated storage and retrieval systems (ASRS) used in a wide range of market
sectors. Ocado Group will soon start a new business segment that combines
these activities and over the next few years will revolutionise the whole ASRS
and robotic handling sectors.  I am delighted to confirm that Mark Richardson
will lead this new venture. Mark is a 20-year Ocado veteran and during this
time has been responsible for teams spanning technology, platform
implementation, and logistics. He also has extensive experience of working
directly with the Materials Handling Equipment (MHE) sector."

 

This new venture will be self-financing and will not require any additional
capital beyond that we have previously guided.

 

Contacts

 

David Shriver, Director of Communications, on 01707 228 000

Martin Robinson at Tulchan Communications on 020 7353 4200

Person responsible for arranging the release of this announcement:

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

 

Ocado Group plc LEI: 213800LO8F61YB8MBC74

 

 

 

 

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