Ocado eCommerce boss reveals retirement
Ocado eCommerce boss reveals retirement
- Ocado Solutions CEO Luke Jensen will retire effective September 30, 2023
- He played a key role in the company embracing technology
The CEO of Ocado’s eCommerce division is retiring after six years of leading the profitable business unit.
Luke Jensen, executive director and CEO of Ocado Solutions, which accounts for approximately 14 percent of group revenue this year, will retire in September after five years on the board of directors.
The Ocado Solutions company provides technology to streamline their own delivery services.
Ocado shares struggled for direction in response to the news, falling more than 6 percent in early trading before returning to more than 5 per cent by midday.
Ocado announced today that Luke Jensen, Executive Director and CEO of Ocado Solutions, will retire on September 30, 2023
The Hatfield-based company announced that John Martin, the current non-executive director, will be appointed as Jensen’s replacement as CEO on Sept. 1, “with a set time” before Jensen retires at the end of the month.
Jenson said in a statement: “I am proud and honored to have played a part in Ocado’s transformation from a British retail company to a global leader in technology solutions.
“As the rollout of the latest innovations is underway, Ocado is better positioned than ever to support its partners to win in their markets and forge new partnerships with leading grocers around the world.”
Tim Steiner, chief executive officer of Ocado, said: “Over the past six years, Luke has played a key role in our transformation into a global technology solutions company.
“He leaves our Solutions business in a strong position to drive future growth, having recently established a global regional structure, with the appointment of regional presidents and the establishment of a global Partner Success organization.
“We wish him well and thank him for his contribution to Ocado. Luke will support the transition in the coming months.”
Earlier this week, Ocado shares rose to their highest level since January after the online grocer settled with AutoStore over robot patent claims.
The Norwegian robotics company will pay £200 million to Ocado in 24 monthly installments starting this month, ending a three-year legal battle, the group told investors on Monday.