Ocado announces a leadership change with Adam Warby set to become chairman.
- Adam Warby, previously of KKR, appointed as chairman starting December 1, 2023.
- Current chairman Rick Haythornthwaite to focus on role with Natwest.
- Warby brings experience from Heidrick & Struggles, Microsoft, and IBM.
- Ocado aims to leverage its leadership to enhance growth and shareholder value.
Adam Warby, a distinguished figure in business with a rich history at KKR, has been appointed as the new chairman of Ocado. His tenure begins on December 1, 2023, marking a significant leadership transition as he succeeds Rick Haythornthwaite.
Rick Haythornthwaite has decided to step down earlier than expected from his role at Ocado to concentrate on his responsibilities with Natwest. He articulated his pleasure in handing over to Warby, highlighting the importance of this appointment in Ocado’s trajectory.
Warby brings with him extensive experience from leading firms like Heidrick & Struggles, Microsoft, and IBM. His wealth of knowledge in technology and management consulting is anticipated to guide Ocado through its next growth phase.
During his announcement, Warby expressed his eagerness to join Ocado, acknowledging the company’s success and innovation in the UK market. He aims to collaborate with Ocado’s leadership and board to accelerate growth and augment shareholder value.
Despite current unprofitability, Ocado has a strategic ‘road-map’ towards profitability by 2026, as stated by CEO Tim Steiner. The introduction of Warby is perceived as a strategic move to harness Ocado’s leading technology and expand its market reach internationally.
Adam Warby’s appointment marks a new chapter for Ocado, aiming for sustained growth under his leadership.
