Ocado boss Tim Steiner’s near £100m in pay raises ‘serious concerns’

The Guardian28 jun 2026Macro
Automatisch samengesteld met AI uit de vermelde bronnen

Steiner has collected £94m in payouts since the 2010 flotation, according to analysis by the High Pay Centre, including a £59m award in 2019 tied largely to a string of international licensing deals. The Ocado board has approached Niklas Heuveldop, chief executive of Vonage, as a potential successor, while chair Adam Warby — appointed in December 2024 — is said to have initiated the search quietly without consulting Steiner, under pressure from the share-price slump. Shares dipped as low as 172p this week, below the 180p float price, amid reports of the succession planning.