Ocado chief Tim Steiner supports succession plans as shares drop 15%
Ocado chief Tim Steiner stated he will not act as a 'puppet master' amid a reported succession dispute as shares fell nearly 15% following a pre-tax profit drop to £17 million. Steiner, set to step down in 2028, emphasized he would support his successor, while the company's leadership faces scrutiny over its future direction and growth strategies.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 16 Jul 2026, 08:54 UTC · Updated 16 Jul 2026, 09:00 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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