Ocado co-founder and CEO Tim Steiner will step down by early 2028, transitioning to an advisory role through 2029. This marks a key moment as Ocado shifts focus to achieving profitable growth in North America, its largest market opportunity. Despite initial excitement over partnerships with Kroger and Sobeys, post-pandemic demand normalization and strategic reviews have slowed expansion, causing investor concerns. Recent financial improvements and cost-cutting efforts offer cautious optimism, while Steiner aims to strengthen U.S. growth and prove the value of Ocado's automation platform before his departure.
Kroger has named Emilee De Martino as its new Executive Vice President and Chief People Officer, replacing Tim Massa who will retire in September. De Martino joins from McDonald's, where she led people strategy across 19 countries and over 750,000 em...
The North Texas Food Bank has appointed five new board members with diverse expertise in foodservice, retail, finance, and operations, effective July 1, 2026. These leaders bring valuable experience to support the organization's growth and mission to...
Meta Platforms is developing a cloud business to monetize its excess AI computing capacity, potentially boosting near-term revenue by offering AI model access or raw compute power. Nike reported strong Q4 profits and sales but faces ongoing challenge...
