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New Ocado finance chief to take helm next month

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Ocado Retail said this morning that its revenue had climbed 40 per cent in the first quarter as lockdown restrictions continue to power a surge in online shopping.
Ocado is assisting its suppliers amid a national shortage of lorry drivers.

British online grocer Ocado said on Monday that its new chief financial officer Stephen Daintith will start his role on 22 March.

Ocado had announced in August that Daintith, the current finance chief of Rolls-Royce, would be joining the group.

Daintith has previously held senior roles at Daily Mail and General Trust, Dow Jones and News International.

Rolls-Royce has picked former Deloitte partner Panos Kakoullis as Daintith’s replacement.