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Ocado Group plc. Ocado Group plc is a British business based in Hatfield, England, which licenses grocery technology. It also owns a 50% share in the UK grocery retail business Ocado.com (the other 50% is owned by UK retailer Marks & Spencer ). The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index .
Tim Steiner OBE (born 9 December 1969) is a British businessman who is the co-founder and chief executive (CEO) of Ocado, the FTSE 100 online grocery and technology business. As of May 2023, Ocado had a market capitalisation of nearly £3 billion. [1] The 2020 Sunday Times Rich List estimates that Steiner is worth £403 million. [2]
In January 2000, he started Ocado with two former colleagues from Goldman Sachs, Tim Steiner and Jonathan Faiman. [3] [4] He became chief financial officer of the company. [3] The company moved from a start-up to a household name during his 15 years there. In January 2014, Gissing announced that he would retire in May. [5]
Richard Neil Haythornthwaite, known as Rick, (born December 1956) is a British business executive. He has led several companies including being the chairman of MasterCardand the Creative Industries Federation. He has been appointed as the independent non-executive chairman of Ocado Group, stepping in by the time of the company's May 2021 annual ...
Jonathan Faiman. Jonathan Faiman (born 1969) [1] was one of the three founders of online grocery and technology business Ocado in 2000. He left the business in 2008, before the company floated on the London Stock Exchange. Faiman sold most of his shares in Ocado in 2010 at the time of its IPO for a reported value of £7 million. [2]
John Lewis Partnership helped finance the creation of Ocado, an independent online supermarket, and later transferred its interest to its pension fund, which owned 29% of Ocado. [61] The pension fund fully divested itself of its final 10.4% share ownership in February 2011 for £152 million, which represented a total profit from the company's investment in Ocado of about £220 million. [ 62 ]
Stuart Alan Ransom Rose, Baron Rose of Monewden, Kt (born 17 March 1949) is a British businessman and life peer, who was the executive chairman of Marks & Spencer until 2010, remaining as chairman until early 2011. He was knighted in 2008 for his services to the retail industry [1] and created a Conservative life peer on 17 September 2014 ...
Tesco plc (/ ˈ t ɛ s. k oʊ /) is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. [8] The company was founded by Jack Cohen in Hackney, London in 1919.