IN BRIEF: Ocado confirms looking for successor to CEO Tim Steiner

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Ocado Group PLC - Hatfield, Hertfordshire-based grocer and warehouse technology firm - Confirms that Chief Executive Officer Tim Steiner and the board ‘continually engage in long-term succession planning and regularly engage with potential candidates.’ The statement by Ocado comes after Sky News reported that Ocado is preparing to appoint a successor to Steiner, the founding chief executive officer of Ocado.

Current stock price: 174.77 pence each, down 3.3% on Monday morning in London

12-month change: down 24%

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