Tate & Lyle PLC Directorate Changes (4013T)
March 25 2021 - 05:00AM
UK Regulatory
TIDMTATE
RNS Number : 4013T
Tate & Lyle PLC
25 March 2021
25 March 2021
Tate & Lyle PLC
BOARD CHANGES
Tate & Lyle PLC (the "Company") announces that Vivid Sehgal,
currently Chief Financial Officer Designate, will become Chief
Financial Officer of Tate & Lyle on 1 April 2021. Vivid joined
Tate & Lyle on 1 March 2021 and replaces Imran Nawaz who, as
announced on 7 October 2020, is leaving the Company to take up the
position of Chief Financial Officer of Tesco plc. Imran will step
down from the Tate & Lyle Board on 31 March 2021.
The following changes to Tate & Lyle's Board and Board
Committees are also announced.
Board
Anne Minto will retire from the Board at the conclusion of the
AGM on Thursday 29 July, having served as a non-executive director
since December 2012 and as the Chair of the Remuneration Committee
for over six years. A search is underway for a new non-executive
director to replace Anne.
Board Committees
Sybella Stanley will become Chair of the Remuneration Committee
from the conclusion of the AGM on Thursday 29 July.
In anticipation of her appointment as Chair of the Remuneration
Committee, Sybella Stanley will join the Audit Committee from 1
April 2021.
Dr Gerry Murphy, Chair of Tate & Lyle, said: "I wish to
thank Imran Nawaz for the energy and focus he has brought to the
handover to his successor, Vivid Sehgal. This has enabled Vivid to
step into the role of Chief Financial Officer earlier than
anticipated and from the start of Tate & Lyle's new financial
year."
"I would like to thank Anne Minto for her nearly nine years of
distinguished service and significant contribution to the Board
and, in particular, for her time served as Chair of the
Remuneration Committee."
There are no further disclosures to be made pursuant to
paragraph 9.6.11 of the Financial Conduct Authority's Listing
Rules.
For more information contact
Nick Hasell, FTI Consulting (Media)
Tel: Mobile: +44 (0) 7825 523 383
Christopher Marsh, VP, Investor Relations
chris.marsh@tateandlyle.com / +44 (0) 7796 192 688
About Tate & Lyle:
Tate & Lyle PLC is a leading global provider of food and
beverage ingredients and solutions. Supported by our 160-year
history of ingredient innovation, we partner with customers to
provide consumers with healthier and tastier choices when they eat
and drink. We are proud that millions of people around the world
consume products containing our ingredients every day.
Through our expertise in sweetening, mouthfeel and fibre
fortification, our Food & Beverage Solutions business develops
solutions which reduce sugar, calories and fat, add fibre, and
provide texture and stability in categories including beverages,
dairy, bakery, soups, sauces and dressings. Our Primary Products
business produces nutritive sweeteners, industrial starches used in
paper and packaging, acidulants and products used for animal
nutrition.
We have around 4,200 employees working in more than 60 locations
across 30 countries. Tate & Lyle's purpose is Improving Lives
for Generations and through our purpose we believe we can
successfully grow our business and have a positive impact on
society. We live our purpose in three ways, by supporting healthy
living, building thriving communities and caring for our
planet.
Tate & Lyle is listed on the London Stock Exchange under the
symbol TATE.L. American Depositary Receipts trade under TATYY. In
the year to 31 March 2020, Tate & Lyle sales totalled GBP2.9
billion. For more information, please visit
http://www.tateandlyle.com or follow Tate & Lyle on Twitter or
Linkedin .
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END
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