Ocado Share News (OCDO)

(Sharecast News) - Technology-driven online grocer Ocado Group announced the upcoming retirement of Luke Jensen, the current executive director and CEO of Ocado Solutions, on Thursday.

The FTSE 100 company said Jensen would step down from his position on the board from 30 September, to focus on pursuing external non-executive director roles.

Jensen had served as CEO of Ocado Solutions since 2017, and had been a board member since 2018.

With the departure of Jensen, Ocado said John Martin, current non-executive director, would assume the role of CEO of Ocado Solutions on 1 September.

As part of his new responsibilities, Martin would step down from the board and relinquish his roles as chair of the audit committee and a member of the people committee.

"Over the last six years, Luke has played a key role in our transformation into a global technology solutions business," said chief executive officer Tim Steiner.

"He leaves our Solutions business in a strong position to drive future growth, having recently established a global regional structure, with the appointments of regional presidents and the creation of a global Partner Success organisation.

"We wish him well and thank him for his contribution to Ocado; Luke will be supporting the transition over the coming months."

At 0937 BST, shares in Ocado Group were down 4.29% at 919.2p.

Reporting by Josh White for Sharecast.com.