Tate & Lyle Board Change

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Tate & Lyle PLC announces that Mr. Larry Pillard is to relinquish his position as Chief Executive to take up the position of Executive Chairman of the Tetra Laval Group upon the retirement of the present Executive Chairman. Mr. Pillard will remain on the Board of Tate & Lyle as a Non-Executive Director. Tate & Lyle has commenced the process of selecting a new Chief Executive with the intention of completing this process before Mr. Pillard leaves the company to take up his new appointment at the end of the year. Sir David Lees Chairman of Tate & Lyle PLC said "Larry has made a major contribution in implementing the strategy we have developed at Tate & Lyle to refocus on our core businesses and improve our operating returns. We wish him well for the future and are pleased that his considerable experience will remain available to the Board."

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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