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Ocado names Stuart Rose chairman designate

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LONDON, Jan 22 (Reuters) - British online grocer Ocado said Stuart Rose, the former boss of clothing and food retailer Marks & Spencer, would become its chairman when Michael Grade quits in May.

The firm said on Tuesday Rose had been appointed as an independent non-executive director and chairman designate with effect from March 11.

Ocado said he will succeed Grade after the firm's AGM on May 10.

http://www.globalpost.com/dispatch/news/thomson-reuters/130122/ocado-names-stuart-rose-chairman-designate