Ocado announced changes to the composition of the Ocado Group Board. Mark Richardson and Neill Abrams will step down as Executive Directors of the Ocado Group Board of Directors with effect from 2 February 2024. Mark will continue in his role as Chief Executive Officer of the Ocado Intelligent Automation business, a business that provides automated fulfillment technology in sectors outside of grocery retail and AI-powered software applications necessary to operate that technology long term.

Neill will remain in his position as Group General Counsel and Company Secretary of the Ocado Group, and also retain responsibility for Ocado's real estate and sustainability groups. Mark and Neill will remain members of the Executive Committee, the executive management team for Ocado Group led by the Chief Executive Officer. These changes reflect the Board's focus on refreshing the composition of the Board and moving the Board closer to a more conventional listed company board structure, with two Executive Directors and eight Non-Executive Directors (including the Chair).

Ocado now exceeds its Board Diversity objective for female representation on Board, with 50% female Directors.