Member Article

Rose takes expertise to Ocado

Former Marks and Spencers chairman Sir Stuart Rose will become chairman at online grocer Ocado.

He will replace current chairman Lord Michael Grade who joined the Ocado board in 2006.

Sir Stuart Rose commented: “I have been very impressed at the impact and progress Ocado has made to date. As retail goes through a fundamental shift into the digital world, I believe Ocado’s model and the high standards of customer service it provides will see it emerge as a powerful online player. I am looking forward to being part of the team.”

Lord Grade said: “After a smooth succession process and having secured a new Chairman my job at Ocado is almost complete.

“After six exhilarating and eventful years, I am leaving the Company in the best possible hands. Sir Stuart’s substantial retail experience and commercial acumen will add significant value. Ocado is one of the most innovative and exciting growth companies in the UK and it has been a privilege to be a part of their story.”

This was posted in Bdaily's Members' News section by Tom Keighley .