Former M&S boss takes Ocado helm

Retail veteran Sir Stuart Rose is to become chairman of online grocer Ocado in his most high profile appointment since stepping down from the helm of Marks & Spencer.

The group said Sir Stuart will take on the role when current chairman Lord Grade retires on May 10. His appointment marks a return to the stock market after leaving M&S in January 2011 following a six year tenure with the high street giant.
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