Partly Cloudy

Partly Cloudy

max temp: 15°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


Felixstowe town centre looking busy and vibrant.

Two Suffolk communities have been praised for revitalising their high street “as a unique place for living, working and shopping”.

Lloyds has put aside £1bn for PPI compensation.

Lloyds Banking Group has set aside another £1bn to meet compensation claims for the mis-selling of payment protection insurance (PPI).

Daryl Johnson, General Manager at Bannatyne Bury St Edmunds, Anthony Elliott, Operations Director at Bannatyne Group, and Karen Wilkinson, Group Head of Spa for Bannatyne Group.

A Bury St Edmunds-based spa is celebrating a £375,000 facelift.

Solar panels at a solar farm. Half a million solar panels were installed every day last year, as renewables overtook coal to become the largest source of power capacity worldwide.

Half a million solar panels were installed every day last year, as renewables overtook coal to become the largest source of power worldwide.

Santander UK has reported a rise in profit.

Santander UK has reported a rise in profit, but again warned that earnings could take a hit as a result of Brexit.


Show Job Lists

Most read

Most commented

Topic pages


Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24