AO World CEO to step down, founder to reassume role

EDINBURGH (Reuters) - UK online electricals retailer AO World said on Thursday its chief executive Steve Caunce was stepping down, with John Roberts, the founder of the company, reassuming the role.

AO said Caunce would remain involved in the business on a part time basis.

(Reporting by Elisabeth O'Leary, editing by James Davey)