Board changes announcement - March 2021

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Vivid Sehgal

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
[email protected] / +44 (0) 7796 192 688

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About Tate & Lyle PLC:  

Supported by our 165-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 and solutions every day.  

Through our leading expertise in sweetening, mouthfeel and fortification, we develop ingredients and solutions which reduce sugar, calories and fat, add fibre and protein, and provide texture and stability to food and drink in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.  

Tate & Lyle recently acquired CP Kelco, a leading provider of pectin, speciality gums and other nature-based ingredients to create a leader in mouthfeel, significantly enhancing our solutions capabilities. Following this combination, we now have more than 5,000 employees working in around 75 locations in 39 countries, serving customers in more than 120 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. For the year ended 31 March 2024, and on a pro forma basis which assumes for illustrative purposes that the combination with CP Kelco took place on 1 April 2023, revenue for the enlarged Tate & Lyle Group would have been £2.25 billion. For more information, please visit www.tateandlyle.com or follow Tate & Lyle on LinkedIn, X (Twitter), Facebook or YouTube