Ocado has appointed Adam Warby, the chair of executive search firm Heidrick & Struggles, as its new chair at a time CEO Tim Steiner describes as an “important moment” in the company’s development, as it expands into new markets and sectors.

Warby will join the business on 1 November as an independent non-executive director, before assuming the role of chair on 1 December.

Ocado CEO Tim Steiner said: “Our world-leading technology is now live with 11 of our 13 partners globally, and we continue to expand the scope and reach of our technology into new markets and sectors. As we work with our partners to scale their online capabilities and hone their operations, Adam’s expertise as a leader in global technology and consulting will be a valuable asset to the board and leadership team.

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Warby replaces Rick Haythornthwaite, who revealed earlier this year that he would stand down due to his commitments as chair of NatWest Group.

Steiner said: “As chair, Rick has overseen the continued growth of the global technology business. His sage advice and strong leadership have been greatly appreciated by the board and all colleagues at Ocado.”

Warby added: “Ocado is a unique and innovative business, and a tremendous success story for the UK.

“I’m excited about the opportunities ahead, working with a visionary leadership team, an experienced Board, and the many talented colleagues across Ocado to grow the business and create greater value for our shareholders.”