Ocado Chief Tim Steiner Denies 'Puppet Master' Role Amid Succession Row, Shares Slide

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Corporate Governance

16 July 2026 at 3:19 pm

Ocado Chief Tim Steiner Denies 'Puppet Master' Role Amid Succession Row, Shares Slide

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Summary

Ocado co-founder and CEO Tim Steiner stated he has no intention of being a 'puppet master' amid an apparent boardroom dispute over his succession, as the company's shares slid nearly 15% due to a plunge in pre-tax profits.

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