Ocado swipes Tesco executive to run non-food business

Simon Belsham is the latest Tesco executive to jump ship, following his move to Ocado, where he plans to help the internet delivery company expand its small non-food business.

At Tesco, he was group multichannel development director, reporting to Laura Wade-Gery, who is joining Marks and Spencer to lead its online operation.

He is described as highly capable by people who know him, and will have the task of developing a nascent business at his new employer. Areas of expansion could include kitchenware, school equipment, toys and pet supplies. Ocado is expected to source most of the goods directly, although it could work with John Lewis on some products.

Mr Belsham is the third director to leave Tesco this year, as it undergoes its biggest management transition in 14 years with the retirement of Sir Terry Leahy and appointment of Philip Clarke as chief executive. As well as Ms Wade-Gery, Lance Batchelor, who ran its telecoms business, was named chief executive designate of Domino’s Pizza UK & Ireland.

Tesco said it would appoint a replacement for Mr Belsham in due course.

Source : Rose Jacobs - FT.com