Directorate Change

Directorate Change

Ocado Group

RNS Number : 1132G
Ocado Group PLC
26 June 2012
 



DIRECTORATE CHANGE

OCADO GROUP PLC
26 June 2012

 

 

Ocado Group plc

Ocado appoints Duncan Tatton-Brown as new Chief Financial Officer

 

Ocado Group plc ("Ocado") today announces that Duncan Tatton-Brown will join the Board as the new Chief Financial Officer with effect from 1 September 2012.

Duncan was previously the Chief Financial Officer of Fitness First Group Limited, having been formerly the Group Finance Director of Kingfisher plc, the Group Finance Director of B&Q plc and the Chief Financial Officer of Virgin Entertainment Group. Duncan is also an independent Non-Executive Director and the Chairman of the Audit Committee for Rentokil Initial plc.

Lord Grade, Chairman of Ocado, said:

"I am very pleased to welcome Duncan to the Ocado Board. His public company experience in large and complex retail, service and consumer facing businesses is a most valuable addition to the skills and experience of the existing Directors. Our objective is to deliver long-term returns to shareholders and Duncan's appointment as the Chief Financial Officer reflects the need for Ocado to operate with continued financial discipline as we grow. Duncan's appointment marks the culmination of a comprehensive process to ensure excellent financial stewardship."

Duncan Tatton-Brown said:

"I am excited to be joining Ocado at this point in its growth. I look forward to working with the management team to help deliver strong returns on the significant investments made by Ocado in capability, new capacity and the offer to customers."

 

-ENDS-

 

For further information, please contact:

David Hardiman-Evans, Head of Investor Relations & Corporate Finance on +44 1707 228 000.

Nick Miles/Ann-marie Wilkinson/Charlotte Kirkham, M:Communications on +44 2079 202 331.

Neill Abrams, Company Secretary on +44 1707 227 899.

 

Notes:

Other than as noted above, there is no information required to be disclosed pursuant to Listing Rule 9.6.13R in respect of Duncan Tatton-Brown.

 


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