Ocado Group PLC has announced the appointment of Gavin Patterson as an Independent Non-Executive Director, effective from 1 June 2024. Patterson, who previously held senior roles at Salesforce Inc. and BT Group plc, brings extensive experience in leading multinational organizations and a deep understanding of the global marketplace for platform services. His appointment is seen as a valuable addition to the Ocado Board at a pivotal moment in the company's evolution.
Rick Haythornthwaite, Chairman of Ocado, expressed his delight in welcoming Patterson to the Board, highlighting the valuable perspective and multinational leadership experience he brings. Tim Steiner, CEO of Ocado, emphasized the significance of Patterson's experience in B2B technology companies, particularly as Ocado expands its technology into new sectors and opportunities.
In response to his appointment, Gavin Patterson expressed his admiration for Ocado and its pioneering technology, particularly in AI and robotics for solving complex supply chain challenges in grocery and logistics. He looks forward to contributing to the Board and the leadership team during this exciting phase for the company.
Ocado Group is a UK-based technology company that provides end-to-end online grocery fulfillment solutions to some of the world's largest grocery retailers. The company has a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. Ocado has been at the forefront of innovation in logistics and ecommerce, investing in a wide technology estate that includes robotics, AI, machine learning, simulation, forecasting, and edge intelligence.
Gavin Patterson's appointment as a Non-Executive Director of Ocado Group PLC comes with an annual fee and an additional fee for his membership of the Remuneration Committee, in line with the Directors' Remuneration Policy.