Ocado names technology veteran Warby as chair
Adds detail paragraphs 3 to 5
LONDON, Oct 31 (Reuters) -Ocado OCDO.L, the British online supermarket and technology group, on Thursday named Adam Warby as its chair from Dec. 1, succeeding Rick Haythornthwaite.
Warby is a veteran of the technology sector. He is currently chair of NASDAQ-listed advisory group Heidrick & Struggles International HSII.O and is a previous chair of Swiss software firm SoftwareOne Holding. He has also worked for Microsoft and IBM.
Ocado said Warby would join as a non-executive director on Nov. 1.
Shares in the group have lost over half their value this year. However, in July, Ocado did raise its margin guidance for its 2023/24 year.
CEO and co-founder Tim Steiner said Warby was joining at an important moment in the group's development with its technology now live with 11 of its 13 partners globally.
Reporting by James Davey, Editing by Paul Sandle
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