Canadian national supermarket group with Stellarton HQ and 1,500+ stores
Ocado is facing questions over Tim Steiner’s pay and potential succession amid a slide in its share price to below its 2010 flotation level. The board is considering replacements as shareholders voice concerns over pay proportionality and performance.
Ocado has announced a planned leadership transition with co-founder and CEO Tim Steiner set to step down in 2028. A successor will be identified by the start of the 2028 financial year, with Steiner remaining as a founder adviser through 2029. The move follows pressure from shareholders after a slump in Ocado’s share price and ongoing restructuring.
Ocado has sealed a deal to build a large customer fulfilment centre for a fast-growing European national retailer. The automated site, due to go live in 2028, features Ocado’s robotics and new technology. The agreement follows a recent downturn in Ocado’s stock amid broader market weakness and signals rising demand for its automation solutions.