# Ocado boss to stay in top job until end of 2027 as succession plans revealed

By Dan Coatsworth — 2026-07-06

Dan Coatsworth, head of markets at AJ Bell, said: “The market is behaving oddly towards Ocado. First, the shares fell on speculation that the group would replace CEO Tim Steiner. They’ve now fallen again on confirmation that he is staying for another year or so while the board looks for a longer-term successor. He will then act as a consultant under a ‘founder’ role.

“There have been rumours of heated conversations behind closed doors between large shareholders and the board. Last week there was speculation that certain shareholders were upset at chair Adam Warby seeking to replace Steiner.

“Even though Steiner has struggled to keep Ocado on a sustainable growth path in recent years due to client setbacks, he is a co-founder of the business and knows it inside and out. Certain investors might have taken the view that’s a useful quality during uncertain times for the business.

“Now that Steiner is staying for the near-term, the attention will turn to Warby and whether he can keep his job. Friction in the boardroom is unsustainable, and it seems unlikely that the chair can stay put after hostilities were all over the news.”

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