Sir Stuart Rose will stage a dramatic stock market comeback today when he is appointed as the next chairman of Ocado, the online grocer.
I can exclusively reveal that Ocado will announce Sir Stuart’s appointment as the successor to Lord Grade, who is stepping down after seven years at the helm.
A statement confirming the news is expected shortly, according to people close to the situation.
Sir Stuart’s arrival at Ocado represents his most prominent appointment since he stepped down as chairman of Marks & Spencer at the end of 2010.
MT @markkleinmansky Former M&S boss Sir Stuart Rose to be named chairman of Ocado #business
— Fiona Walsh (@_fionawalsh) January 22, 2013
