Ocado appoints Duncan Tatton-Brown as CFO
The former Kingfisher and B&Q FD will take up his role on 1 September 2012
Ocado Group announced the appointment of Duncan Tatton-Brown as its new chief financial officer on Tuesday, as it reported a revenue rise of 11.4 percent for its first six months.
Tatton-Brown, who has steered the finances at Fitness First Group, Kingfisher, B&Q and Virgin Entertainment Group, will take up his role on 1 September.
The online grocer, which counts Waitrose as a major customer, posted pre-tax profits of £0.2 million on revenues of £308.0 million for the half year to 13 May in line with market expectation despite a “challenging and uncertain” economy.
“While we remain cautious about the general economic backdrop, we are well placed to attract a significant number of these new online shoppers as we continue to enhance our offer to customers,” chief executive Tim Steiner said in a statement.
In January former CFO of Ocado Andrew Bracey announced his resignation to join global recruitment company Michael Page.
Lord Grade, Ocado chairman, said Tatton-Brown’s plc experience in retail, service and consumer facing businesses would be “most valuable addition to the skills and experience of the existing directors”.
Tatton-Brown is also an independent non-executive director and chairman of the audit committee at Rentokil Initial.
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