Tim Steiner (businessman)
Tim Steiner | |
|---|---|
| Born | Timothy Steiner 9 November 1969 |
| Nationality | British |
| Education | Haberdashers' Boys' School |
| Alma mater | University of Manchester |
| Occupation | Businessman |
| Known for | co-founder and CEO, Ocado |
| Term | 2000–present |
| Spouse |
Belinda Steiner
(m. 1989; div. 2018) |
| Children | 4 |
Tim Steiner OBE (born 9 December 1969) is a British businessman who is the co-founder and chief executive (CEO) of Ocado, the FTSE 100 online grocery and technology business. As of May 2023, Ocado had a market capitalisation of nearly £3 billion.[1] The 2020 Sunday Times Rich List estimates that Steiner is worth £403 million.[2]
Early life
[edit]Tim Steiner was born on 9 December 1969.[3] He was educated at Haberdashers' Boys’ School in Elstree, Hertfordshire. He read Economics at the University of Manchester.[4][5]
Career
[edit]In 1992, Steiner joined Goldman Sachs as a bond trader. He worked for them for eight years in London, New York and Hong Kong before leaving to co-found Ocado in 2000 with Jonathan Faiman and Jason Gissing.[5] Faiman left the business before it floated on the London Stock Exchange in 2010 and Gissing left in 2014.[3] Steiner remains Ocado's chief executive.[citation needed]
In February 2020, it was announced that Steiner received a pay package of £58.7 million for the year to 1 December 2019.[6]
Following the lock down due to the outbreak of COVID-19 in the UK in March 2020, Ocado recorded 40 percent revenue growth in April and May compared to the same period last year.[7]
Steiner donated £50,000 to the Conservative Party during the 2019 United Kingdom general election.[8]
Personal life
[edit]Steiner was brought up in North London. He has four children with ex-wife Belinda.[9] The couple were divorced in 2016.[10]
References
[edit]- ^ "Ocado Group PLC OCDO stock | London Stock Exchange". www.londonstockexchange.com. Retrieved 23 May 2023.
- ^ Times, The Sunday. "Rich List 2020: profiles 304-399=, featuring Simon Cowell and Sir Elton John". The Times. ISSN 0140-0460. Retrieved 3 June 2020.
- ^ a b Shah, Oliver (30 December 2018). "Steiner delivers the last laugh at Ocado". The Sunday Times.
- ^ O’Doherty, John (20 July 2010). "Profile: Ocado founders". Financial Times. Retrieved 27 January 2018.
- ^ a b Turner, Camilla (19 March 2016). "Ocado boss is dating Polish model twenty years his junior after filing for divorce from wife". The Daily Telegraph. Retrieved 27 January 2018.
- ^ Editor, Ashley Armstrong, Retail. "Ocado chief Tim Steiner paid £59m despite record loss". The Times. ISSN 0140-0460. Retrieved 12 February 2020.
{{cite news}}:|last=has generic name (help)CS1 maint: multiple names: authors list (link) - ^ Benstead, Sam (12 May 2020). "How Ocado, Britain's 'best tech stock', is growing faster than Amazon". The Telegraph. ISSN 0307-1235. Retrieved 3 June 2020.
- ^ "Search - The Electoral Commission". search.electoralcommission.org.uk. Retrieved 20 July 2021.
- ^ "Highgate Ocado boss faces ex wife in one of Britain's biggest ever divorce battles". hamhigh.co.uk. Retrieved 27 January 2018.
- ^ "Judge rules to keep Ocado boss' multi-million pound divorce private". London Evening Standard. 26 July 2016. Retrieved 27 January 2018.