Pursuits
Ocado Appoints Rose to Succeed Michael Grade as Chairman
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Ocado Group Plc, the unprofitable U.K. online grocer, named former Marks & Spencer Group Plc boss Stuart Rose as its new chairman, adding weight to its leadership to help dispel doubts over the future viability of the business.
Rose, 63, will join as a non-executive director on March 11 and will succeed Michael Grade as chairman after the annual shareholder meeting on May 10, the Hatfield, England-based retailer said today, boosting the shares as much as 8.3 percent.