Tim Steiner, the co-founder and CEO of Ocado, has been in the news due to the company's warning of potential legal action against M&S for withholding payment in their joint venture. This development comes amidst a series of events, including Ocado's $39 billion takeover offer, positioning the company in the spotlight of mining mega-mergers.
Tim Steiner, born in December 1969, has played a pivotal role in the success of Ocado, a prominent FTSE 100 online grocery and technology business. Under his leadership, Ocado has seen significant growth, with a market capitalization of nearly £14 billion as of June 2020. Steiner's strategic vision and management have been instrumental in establishing Ocado as a key player in the online grocery industry, making him a notable figure in the business world.