Ocado names Stuart Rose chairman designate

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.