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Evening Standard

Business

Simon Hunt

Ocado boss quits after ‘extremely challenging’ tenure

Mel Ocado Melanie Smith Tim Steiner

Ocado shares are down 52% since the start of the year, after the company reported a year-on-year drop in revenue (Doug Peters/PA)
(Picture: PA Archive)

Shares in Ocado dropped 1.7% after the grocery delivery firm announced CEO Melanie Smith would be stepping down at the end of next month.

Deputy CEO Lawrence Hene would be taking over as interim CEO in September until a permanent successor could be found, the company said.

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The Economic Times

Top stories on inkl right now

Trump suggests he would let Iran ‘take out’ Los Angeles or San Diego

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The Guardian - UK

Hundreds of thousands expected as school protests start on ‘day of mobilisation’ across France – Europe live

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The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Trump says Super Pac will pay for taxpayer-funded ads that sparked outcry

President’s U-turn comes after Democrats and Republicans condemned use of tax dollars for pro-Trump ads

The Guardian - US

2 people killed, including a student, after Florida school bus rolls over in crash

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