Ocado picks up director on eBay

An eBay executive is joining Ocado as a non-executive director as the online grocer moves towards boosting the number of independent non-executives on its board towards 50 per cent, in line with the UK Corporate Governance Code.

Doug McCallum, the senior vice-president of eBay Europe, will join Ocado in October.

Lord Grade, Ocado's chairman, said his hiring is its "latest step toward a board composition that fully complies with the UK Corporate Governance Code". Ocado has also promoted Lawrence Hene as head of grocery retail.