Tim Steiner
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Age | 55 |
| Net worth | £125 million (2018) |
| Partner | Patrycja Pyka |
| Spouse | Belinda Steiner |
| Date of birth | January 1,1969 |
| Current partner | Patrycja Pyka |
| Founded | Ocado Group |
| Children | 4 |
| Education | The University of Manchester |
| Haberdashers' Boys' School | |
| Nationality | British |
| Date of Reg. | |
| Date of Upd. | |
| ID | 399954 |
Tim Steiner Life story
Tim Steiner OBE is the co-founder and chief executive of Ocado, the FTSE 100 online grocery and technology business. As of May 2023, Ocado had a market capitalisation of nearly £3 billion. The 2020 Sunday Times Rich List estimates that Steiner is worth £403 million.
Biography
Tim steiner is the chief executive of ocado.A brtiish online grocery retailer.He was born on april 28.1971 in london.England.He is 49 years lod.He is 5 efet 11 inches tall and weighs around 180 pounds.He has brown eyes and a slim body type.His zodiac sign is taurus.He is british by nationality.Education
Tim steiner attended the university of oxford.Where he studied philosophy.Politics.And economics.He then ewnt on to pursue a master s degree in business administration from the london business school.Career
Tim steiner began his career as a management consultant at mckinsey & company.He then joined goldman sachs.Where he worked as an investment banker.In 2000.He co-founded ocado.An online grcoery retailer.He has served as the chief executive of ocado snice its inception.Family
Tim steiner is marreid to his wife.Sarah.And they have two children together.He also has two siblings.A brother and a sister.His parents are john and mray steiner.Success
Tim steiner has achieved great success in his career.In 2010.He was named ernst & young entrepreneur of the year.In 2018.He was awarded an honorayr doctorate from the university of oxford.Most Important Event
The most important event in tim steiner s career was when he co-founded ocado in 2000.The company has isnce become one of the largest online grocrey retailers in the uk.It has also expanded into other countries.Such as france and germany.Ocado warehouse closure puts 2,300 jobs at risk
... Boss Tim Steiner said that now was the right time to halt operations at Hatfield and consider " future options for the site"...
Eggs and margarine drive food inflation to record 17. 1%
... Ocado chief executive Tim Steiner said: " Ocado Retail, our UK joint venture with M& S, has shown its resilience against a backdrop of higher costs and smaller baskets, reflecting the Covid unwind and the UK cost-of-living crisis, by growing customer numbers and increasing online market share...
Ocado losses widen but sales grow
... 59bn and chief executive Tim Steiner said: We now have in place a platform for significant and sustainable long-term value creation...
Ocado losses widen but sales grow
Ocado has reported widening losses in the year ending 2 December 2018.
The online food retailer recorded a pre-tax loss of £44. 4m, compared with £9. 8m in the previous 12 months.
However, its sales rose by 12. 3% to £1. 59bn and chief executive Tim Steiner said: "We now have in place a platform for significant and sustainable long-term value creation. "
Last week, Ocado's shares rose by as much as 6. 7%
Mr Steiner refused to confirm or deny the story, saying The Company never commented on speculation linking it with rumoured deals.
However, he did say: "We are constantly talking to different retailers around The World . "
Ocado currently has a deal with southern England-focused Waitrose, which is due to come to an end in September 2020.
And Mr Steiner added: "Under the current arrangement we have with Waitrose, we wouldn't be able to add the own labels of another substantial UK grocery retailer into the current Ocado Offering . "
The Company 's losses grew as a result of investment costs, including development of its new warehouses and IT systems, and an accounting charge, while its earnings fell by 20. 7% to £59. 5m.
It attracted 11. 8% more active customers, taking its total to 721,000, with total order volumes increasing by 12. 1% to an average of 296,000 per week.
The value of each basket shrunk slightly, however, to £106. 85 from £107. 28.
Mr Steiner said that Ocado was "the leading pure-play digital grocer in the UK, a world-leading provider of end-to-end e-commerce grocery solutions" and added, "our transformation journey is well under way".
He added: "Creating future value now will involve us continuing to scale The Business , enhancing our platform, enabling our UK retail business to take advantage of all its opportunities for growth and innovating for The Future . "
Brexit plansIn a statement, The Company said it was confident of achieving retail revenue growth of between 10% and 15% this year, despite another expected drop in earnings.
Mr Steiner said that Ocado was as prepared as it could be for the impact of Brexit.
He explained that none of the food retailers could stockpile food because of lack of space and the fact that fresh stock would not last long.
But he said they had started to Get In extra supplies of "mechanical spare parts that we need to keep our facilities running. We don't want to be in a situation where we can buy the food, but can't buy a component".
He added: "This is an example of one of the mitigating things that we have done. "
Analyst Neil Wilson, of markets. com, said The Firm 's share price could come Under Pressure , adding "having firmed up since December the stock could be ripe for some profit taking again".
retailing, ocado, food, companies
Source of news: bbc.com
Tim Steiner Photos
