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RNS
ANNOUNCEMENT
Tate & Lyle PLC - 13 August
2024
Sarah Kuijlaars appointed Chief Financial Officer of Tate
& Lyle PLC
Tate & Lyle PLC ('Tate &
Lyle' or 'the Company') is pleased to announce the appointment of
Sarah Kuijlaars to the position of Chief Financial
Officer, and to the Board of Tate &
Lyle, with effect from 16 September
2024.
Sarah Kuijlaars is an experienced
international finance leader, having previously served as Chief
Financial Officer of De Beers Group and Arcadis NV. Prior to
that, she was Deputy Chief Financial Officer at Rolls-Royce
Holdings plc and held a number of senior finance leadership roles
during a 25-year career at Shell plc. Sarah is currently a
non-executive director of Inchcape plc.
Sarah succeeds Dawn Allen who, as
announced on 24 April 2024, is leaving Tate & Lyle to take up
the position of Chief Financial Officer of Haleon
plc. Dawn will step down as Chief Financial Officer and
from Tate & Lyle's Board on 15 September 2024 and will remain
with the Company until late October to ensure a smooth
transition.
Nick Hampton, Chief Executive of Tate & Lyle,
said: "Sarah is an outstanding
addition to our executive team and I am delighted to welcome her to
Tate & Lyle. Her proven track record of financial
leadership in large and dynamic global businesses will prove
invaluable to us as we enter the next phase of our growth agenda as
a focused food and beverage solutions business."
David Hearn, Chair of Tate & Lyle,
said: "Sarah brings a wealth
of financial, commercial and international
experience to Tate & Lyle which will be of significant
value to the Company as it continues to expand and develop.
We are delighted to welcome Sarah to our
Board."
Sarah Kuijlaars said: "I am
excited to be joining Tate & Lyle at such an important time in
the Company's development. I look forward to working with
Nick and the senior leadership team to continue to support Tate
& Lyle's customers across the world, and to deliver on the
Company's growth ambitions."
End
For
more information contact Tate & Lyle PLC:
Christopher Marsh, VP, Investor
Relations
Mobile: +44 (0) 7796 192
688
Media
For
media enquiries and a rights-free photo:
Ariadna Peretz, FTI
Consulting
Tel: Office: +44 (0) 203 727
1340
tate@fticonsulting.com
Notes:
1) Biography for Sarah
Kuijlaars
Sarah Kuijlaars, 56, joined Shell
plc in 1989 where, during a 25-year career, she held a number of
finance leadership roles in geographies such as Nigeria, Russia,
Brazil and the Middle East. In 2016 she was appointed Deputy
Chief Financial Officer & Group Controller, Rolls-Royce
Holdings plc and then, in 2017, became Chief Financial Officer,
Civil Aerospace at Rolls-Royce. In 2018, she took up the
position of Chief Financial Officer of Arcadis NV, a leading global
design, engineering and management consultancy with a listing on
the Euronext Amsterdam Stock Exchange. Then, from 2020 to
2023, she served as Chief Financial Officer of De Beers Group
(owned 85% by Anglo American PLC and 15% by the Government of the
Republic of Botswana), one of the world's largest diamond
companies.
Sarah currently serves as a
non-executive director of Inchcape plc (from January 2022), a
leading automotive distributor, where she chairs the Audit
Committee. Previously, she has held non-executive
directorships at Kumba Iron Ore Limited (2023) a subsidiary of
Anglo American plc with a listing on the Johannesburg Stock
Exchange, and Aggreko plc (2019 - 2021).
Sarah is a British national and has
a Mathematics degree from Oxford University. She is a Fellow
of the Chartered Institute of Management Accountants (FCMA) and an
Associate member of The Association of Corporate Treasurers
(ACT).
2) Remuneration
Arrangements
Sarah Kuijlaars is appointed on an
annual salary of £500,000. She will participate in our established
executive director incentive arrangements, currently comprising, in
summary:
· Annual discretionary bonus: 75% of salary at target and a
maximum opportunity of 150% of salary, subject to performance
conditions; with awards in excess of 100% of salary made as shares
which are released after 24 months.
· Long-term (Performance Share Plan) awards of up to 300%
(maximum) of base salary each year, subject to specified
performance conditions over a three-year performance period, with
shares subject to a further two-year post-vesting holding
period.
She is required to accumulate a
shareholding in Tate & Lyle equivalent to three times base
salary within five years of joining.
3) Disclosures
Other than as disclosed above, no
other information is required to be disclosed pursuant to paragraph
6.4.8R of the Listing Rules in respect of Sarah's
appointment.
4) About Tate & Lyle
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, fortification, and texture, we
develop ingredient solutions which reduce sugar, calories, and fat,
add fibre and protein, and provide texture and stability in
categories including beverages, dairy, bakery, snacks, soups,
sauces, and dressings.
We have more than 3,300 employees
working in around 58 locations serving customers across
121 countries. Science, Solutions,
Society is our brand promise and how we will achieve our purpose of
Transforming Lives Through the Science of Food. By living 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 2024, Tate
& Lyle revenue from continuing operations totalled £1.65
billion.