(Reuters) - British online supermarket Ocado said on Thursday Chairman Rick Haythornthwaite will not stand for re-election at the group's annual general meeting next year due to his "increasing commitment" as NatWest's newly appointed chair.
"Since the announcement of my appointment as group chair of NatWest I have given extensive thought to my workload ...it has become evident that pressure on my time is likely to increase over the medium term," Haythornthwaite said in a statement.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sonia Cheema)
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| 302.5 GBX | -1.59% | +8.15% | 33.35B | ||
| 355.4 GBX | +0.65% | -0.84% | 3.6B | ||
