Ocado Shareholders Reportedly Seek Ouster of Chairman

Certain Ocado Group (OCDO.L) shareholders are pushing the board to remove Chair Adam Warby, London's Financial Times reported Friday, citing several unnamed sources. A major shareholder of the grocery technology company sent a letter to the board, calling for Warby's removal, claiming to have the backing of shareholders representing 25% of the company. The push follows recent reports of efforts to oust Chief Executive Tim Steiner, which prompted Ocado to clarify on June 22 that it routinely considers potential candidates as part of its long-term succession planning. Ocado did not immediately respond to a request for comment.