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Business

Published on January 31st, 2019 | by The GC Team

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AO World CEO steps down

AO World has announced that Steve Caunce has decided to step down as CEO and from the Board with immediate effect.

Caunce has been a key member of the Group’s management team for over 13 years and will remain involved in the business on a part-time basis as an adviser to the CEO and the Board.

The Board has re‐appointed AO founder John Roberts, who led the business until February 2017, as CEO.

“It is a privilege to have played a significant part in AO’s success and to have led the Company for the last two years,” said Caunce.

“I have decided to step down at a time when I feel AO is well placed to continue to thrive as a leader in our sector. I look forward to contributing to the AO team as we execute our strategy.”

John Roberts said: “Steve has played a vital part in AO’s development and in the last two years has created the foundations for our future success. I look forward to continuing to work with him, as I have over the last 13 years.

“AO’s future is incredibly bright given our depth of talent at all levels of the business. I am fully committed to the business and the execution of our focused strategy and can’t wait to get stuck in again as CEO as we move onto the next exciting stage of the AO story.”

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