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UK's Ocado says board engaging in CEO succession planning

Published by Global Banking & Finance Review

Posted on June 22, 2026

1 min read

· Last updated: June 22, 2026

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Ocado Announces Ongoing CEO Succession Planning and Board Engagement

Ocado Group's CEO Succession Planning and Board Activities

Current Succession Planning Efforts

June 22 (Reuters) - British technology firm Ocado Group said on Monday that its chief executive Tim Steiner and board are continuing long-term CEO succession planning and is engaging with potential candidates.

Potential Candidates for CEO Position

Sky News reported on Sunday that Niklas Heuveldop, chief executive of Vonage, a subsidiary of Sweden's Ericsson , had been sounded out for the role.

Verification Status of Reports

Reuters could not immediately verify the report.

Background on Tim Steiner and Ocado Group

Steiner, Ocado's founding chief executive, founded the company in 2000 with two former Goldman Sachs colleagues and has served as an executive director since then.

Reporting and Editorial Credits

(Reporting by Neeshita Beura and Nithyashree R B in Bengaluru; Editing by Nivedita Bhattacharjee)

Key Takeaways

  • Ocado’s board and CEO Tim Steiner are actively engaged in long‑term succession planning, indicating a structured leadership transition process.
  • Sky News reported that Vonage CEO Niklas Heuveldop was sounded out for the role, though Reuters has not independently confirmed this.
  • Ocado’s 2025 Annual Report underscores sustained focus on executive succession and board planning to maintain strategic stability.

Frequently Asked Questions

Who is the current CEO of Ocado Group?
Tim Steiner is the current CEO and founding chief executive of Ocado Group.
What succession planning is Ocado Group undertaking?
Ocado Group's board and CEO are continuing long-term CEO succession planning and engaging with potential candidates.
Has Ocado named a successor for its CEO role?
No, Ocado has not officially announced a successor or confirmed any specific candidates for the CEO position.
Was Niklas Heuveldop approached for Ocado's CEO position?
Sky News reported Niklas Heuveldop had been considered, but Reuters could not verify this information.

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