Ocado names Stuart Rose chairman designateTuesday 22 January 2013 12.10
British online grocer Ocado said Stuart Rose would become its chairman when Michael Grade quits in May.
Rose was the former boss of clothing and food retailer Marks & Spencer.
The firm said that Rose had been appointed as an independent non-executive director and chairman designate with effect from March 1.
Ocado said he will succeed Grade after the firm's AGM on May 10.