British expertise agency Ocado Group stated that its chief govt Tim Steiner and board are persevering with long-term CEO succession planning and is participating with potential candidates.
Sky Information reported on Sunday that Niklas Heuveldop, chief govt of Vonage, a subsidiary of Sweden’s Ericsson, had been sounded out for the function.
Reuters couldn’t instantly confirm the report.
Steiner, Ocado’s founding chief govt, based the corporate in 2000 with two former Goldman Sachs colleagues and has served as an govt director since then.
Streamlining
In February of this yr, Ocado introduced plans to chop about 1,000 jobs as a part of a cost-saving drive aimed toward serving to the British expertise and on-line grocery group flip cash-flow constructive this yr.
The London-listed agency, which provides automated expertise for distribution centres and runs a UK on-line grocery three way partnership with Marks & Spencer, stated the job cuts type a part of a plan to decrease expertise and help prices by £150 million ($203 million) in its 2025/26 fiscal yr.
“It is about 1,000 individuals, it is lower than 5% of our world workforce, about two thirds of these jobs are within the UK, about half of the roles are from our R&D staff,” CEO Tim Steiner instructed Reuters on the time.
Partnership With Asda
In Could 2026, Ocado and Asda entered right into a partnership to speed up the latter’s on-line enterprise throughout the UK.
The newest collaboration may additionally sign a home win for Ocado following closures, weakening partnerships, and an total curtailed runway for progress for the enterprise.
In November of 2025, US retailer Kroger introduced the closure of three Ocado CFCs in Florida, Wisconsin and Maryland.
Information by Reuters, further reporting by ESM.
