Tim Steiner with phone


Tim Steiner

CEO, Ocado

Last ranked: 20

At first glance the news was good: after finally announcing its first-ever pre-tax profits last year (15 years following its launch), this week Steiner revealed a 65% increase in pre-tax profits to £11.9m. Sales were also up 17% to £1.1b, its 14th straight quarter of growth. But its momentum is slowing in a growing online market. It has £127m of debt. And the much vaunted Ocado Smart Platform has yet to secure the international partner Steiner has been promising for a couple of years. Since it announced its first profit last year, shares are down from the 407p to 238p as The Grocer was going to press. Steiner must be hoping Amazon fancies it.

The Grocer's Power List 2016 reflects a sector in upheaval