Ocado has appointed former Ted Baker boss Rachel Osborne as a new independent non-executive director.
Due to take up her position from 1 September, Osborne will also join the retailer’s Audit Committee and People Committee.
Osborne stepped down from her role at Ted Baker earlier this month as the fashion retailer’s newest owner Authentic is in the process of converting the business into a brand licensing model.
Prior to that, she served as a chief financial officer at Debenhams, Domino’s Pizza UK and Ireland as well as a finance director for John Lewis within the John Lewis Partnership.
She will replace Michael Sherman, who will retire from the board to focus on his managing director role at Barclays.
Ocado chief executive Tim Steiner said: “Rachel’s significant experience in transformation and her commercial mindset will be a real asset as Ocado Group continues to expand globally and seeks to enter into new non-grocery markets.”
Last week, the group’s shares rocketed 40% following reports it could be a takeover target by Amazon.