Overcast

Overcast

max temp: 12°C

min temp: 9°C

ESTD 1874 Search

UK: Ex-M&S boss Sir Stuart Rose to become chairman of Ocado

09:09 22 January 2013

Sir Stuart Rose

Sir Stuart Rose

RETAIL veteran Sir Stuart Rose is to become chairman of online grocer Ocado in his most high profile appointment since stepping down from the helm of Marks & Spencer.

Ocado announced today that Sir Stuart will take on the role when current chairman Lord Grade retires on May 10.

His appointment marks a return to the stock market after leaving M&S in January 2011 following a six year tenure with the high street giant.

It also comes as a major coup for Ocado, which recently reported a solid Christmas trading performance with sales up 14% to £91.6 million in the six weeks to January 6.

Sir Stuart, who has a home in Suffolk, said: “I have been very impressed at the impact and progress Ocado has made to date.

“As retail goes through a fundamental shift into the digital world, I believe Ocado’s model and the high standards of customer service it provides will see it emerge as a powerful online player.”

He joins Ocado as it faces intense competition from major supermarket chains such as Sainsbury’s and Tesco.

Despite a successful Christmas, Ocado has yet to post an annual profit and has suffered a turbulent start to life as a listed company since floating in July 2010.

Lord Grade said he was leaving the company in the “best possible hands”, adding that the group will benefit from Sir Stuart’s “substantial retail experience and commercial acumen”.

Sir Stuart has maintained a low profile since leaving M&S, although he made his return to the high street last June as chairman of discount fashion chain Blue Inc, which has close to 200 stores.

He is also chairman of online fashion recommendation service Dressipi and is a non-executive director of Woolworths, the South African food and clothes group.

Search hundreds of local jobs at Jobs24

0 comments

Jonathan Adnams, chairman of Southwold brewer Adnams, has brewed a special beer to celebrate his 60th birthday, with six bottles set to be auctioned off for  the Adnams Community Trust.

The chairman of Southwold brewers Adnams is set to auction off six bottles of a beer specially made for his 60th birthday.

The food industry has warned of possible price rises, if the sector and its workers from the EU are not treated as a priority in Brexit talks.

Food prices in the UK will rise if the Government does not treat the sector and its workers from the EU as a priority in Brexit negotiations, industry leaders have warned.

Britains trade gap narrowed to a better-than-expected £9.7bn in October after exports soared to a record monthly high

Britain’s trade gap narrowed to a better-than-expected £9.7bn in October after exports soared to a record monthly high.

DMO tourism event held at the University of Suffolk, Waterfront building
Photo L-R:
Peter Waters, Visit East AngliaVictoria Savory, Adnams and Suffolk Coastal DMO,
Tim Rowan-Robinson, formerly of Suffolk Coastal DMO, Malcolm Bell, Visit Cornwall,
Laura Locke, Suffolk Business School at the University of Suffolk,
Ian Russell- Visit the Broads and Visit Norwich, Charles Howard- Discover Newmarke.t

The tourism industry is already worth hundreds of millions of pounds to the local economy in Suffolk, and that figure is growing, year-on-year.

The AXA  offices in Civic Drive, Ipswich.

Insurance giant AXA, which employs around 1,500 people in Suffolk, is launching a world-wide policy on parental leave which will result in additional time off on full pay for new mothers and fathers within its UK workforce.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24