Ocado chief says he won’t be a ‘puppet master’ amid apparent succession row

Tim Steiner, co-founder and soon-to-be former CEO of Ocado, has publicly addressed concerns about succession planning, emphasizing he won’t control the company’s leadership transition. This comes amid a nearly 15% drop in the company's stock due to a significant decline in pre-tax profits to £17m. His comments suggest he plans to support his successor without overshadowing them, which could help ease any boardroom tensions. This move is crucial for Ocado’s stability and future direction as it navigates financial challenges and leadership changes.