DIRECTORATE CHANGE
OCADO GROUP PLC
9 May 2024
Ocado Group plc
Directorate Change
Ocado Group plc ("Ocado" or the "Company")
announces that Gavin Patterson has been appointed as an Independent
Non-Executive Director with effect from 1 June 2024. Gavin will
also be a member of the People Committee and the Remuneration
Committee, with those appointments taking place on the date of his
appointment to the Board.
Gavin was previously at Salesforce Inc.,
predominantly in the role of President and Chief Revenue Officer,
before stepping down in January 2023. Prior to joining Salesforce,
he held multiple senior roles at BT Group plc, including Group
Chief Executive Officer between 2013 and 2019. Gavin brings to the
Ocado Board, considerable expertise leading large multinational
organisations and highly relevant experience of the global
marketplace for platform services.
Rick
Haythornthwaite, Chairman of Ocado, said:
"I am delighted to welcome Gavin to the Ocado
Board. He brings valuable perspective and multinational leadership
experience to our Board at an exciting time in Ocado's
development."
Tim Steiner,
CEO of Ocado, said:
"Gavin is a great addition to our Board. Over
the past decade we have evolved from being an innovative online
grocer in the UK to a global technology business, powering online
operations for some of the world's leading grocery retailers. We
are also now deploying our unique technology into new sectors and
opportunities for the first time. At this important moment, Gavin's
considerable experience at the helm of multinational B2B technology
companies will be a valuable asset to our Board and leadership
team."
Gavin Patterson
said:
"I have long been a huge admirer of Ocado and am
delighted to join its Board. Ocado is a true technology pioneer. It
has developed and proven applications of AI and robotics that solve
some of the most complex supply chain challenges in grocery and
logistics. I look forward to working with the Board and the
leadership team at this exciting time."
Contacts
● Tim Steiner, Chief Executive
Officer, on +441707 228 000
● Stephen Daintith, Chief
Financial Officer, on +441707 228 000
● Martin Robinson at Teneo, on
+4420 7353 4200
Notes to Editors:
1. About Ocado Group: Ocado Group is a UK
based technology company trading on the London Stock Exchange
(OCDO). It provides end-to-end online grocery fulfilment solutions
to twelve of the world's largest grocery retailers and holds a 50%
share of Ocado Retail Ltd in the UK in a Joint Venture with Marks
& Spencer. Ocado has spent over two decades innovating for
logistics and ecommerce, investing in a wide technology estate that
includes robotics, AI and machine learning, simulation,
forecasting, and edge intelligence.
2. Gavin Patterson served at
Salesforce Inc. from 2019 to 2023, predominantly in the role of
President and Chief Revenue Officer. Before joining Salesforce, he
served as Group Chief Executive Officer of BT Group plc between
2013 and 2019. His prior positions include management and marketing
roles at Procter & Gamble. Gavin has served on various boards
including of listed, privately held and private equity-owned
companies as well as for several charities and educational
establishments. Currently, he Chairs an AIM listed business,
Elixirr International plc and the privately owned companies,
Kahoot! and Beamery Inc. He is a Non-Executive Director of a NASDAQ
listed company, Wix.com and Non-Executive Director of private
entities, Fractal Analytics, X3T and Malt. He has an advisory role
at Kraken Technologies. He also Chairs the British American
Business Association and serves on the Council of the London School
of Economics and Political Science. He graduated from Cambridge
University with an MEng, Chemical Engineering.
3. For the purposes of Listing Rule
9.6.13(1)R, Gavin Patterson was a Non-Executive Director of British
Airways plc within the previous five years, but no longer holds
this position.
4. For the purposes of Listing Rule
9.6.13(3)R, Gavin Patterson was a Director of Tappit Technologies (UK) Ltd at the time it went into
administration in 2023. In accordance with the Listing Rules, there
are no additional matters that would require disclosure under
9.6.11R nor 9.6.13R of the Listing Rules of the UK Financial
Conduct Authority.
5. As Non-Executive Director of
Ocado Group plc, Gavin Patterson will be paid a fee of £82,691 per
annum, and an additional fee of £8,420 in respect of his membership
of the Remuneration Committee, in line with the Directors'
Remuneration Policy.
The person responsible for arranging the
release of this announcement is:
Robert Cooper
Chief Compliance Officer
Ocado Group plc
Buildings One & Two Trident
Place
Mosquito Way
Hatfield
Hertfordshire
AL10 9UL
Tel: +44 (0)1707 228 000
Email: company.secretary@ocado.com