REG - Tate & Lyle PLC - Directorate Change

Tate & LyleAnnouncement

03/07/2023 07:15

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RNS Number : 6479E  Tate & Lyle PLC  03 July 2023

Directorate Change

 

Tate & Lyle PLC (Tate & Lyle) announces that Dr Gerry Murphy has
decided to step down as Chair of the Board of Tate & Lyle, a position he
has held for more than six years to take up the position of Chair of the Board
of Tesco plc. Dr Murphy will remain Chair of Tate & Lyle until 1 September
2023.

 

The Board has begun a process to appoint a successor to Dr Murphy. Mr Paul
Forman, Senior Independent Director, is leading this process and a further
announcement will be made in due course.

 

As previously announced, Mr Forman was due to retire from the Tate & Lyle
Board at the AGM on 27 July 2023. In light of Dr Murphy's decision, Mr Forman
will continue as a non-executive director and as Senior Independent Director
to allow time to complete the search process. The Board will therefore propose
an additional resolution at the AGM in respect of Mr Forman's annual
re-election as a non-executive director, in accordance with applicable
corporate governance guidance. When the search for a new Chair has been
concluded, Mr Forman will retire from the Board and Kim Nelson will take up
the position of Senior Independent Director, as previously announced.

 

Pending the appointment of a new Chair, the Board has appointed Warren Tucker
as Interim Chair of Tate & Lyle from 1 September 2023. Warren is currently
Chair of the Audit Committee and will continue in this role during this
interim period.

 

Nick Hampton, Chief Executive said: "Gerry has made a significant contribution
to Tate & Lyle over the last six years. He has led the Board expertly
through a major strategic transformation to reposition Tate & Lyle as a
growth focussed global speciality food and beverage solutions business meeting
growing consumer demand for healthier and tastier food and drink.  It has
been a pleasure to work alongside him. On behalf of the Board, we thank him
for his leadership and wish him well in his new role."

 

Gerry Murphy, said: "It has been a privilege to serve as Chair of Tate &
Lyle for the last six years, a company which I have known since my early years
as a food scientist. Tate & Lyle, with its clear focus and ambitious
purpose, its outstanding leadership team led by Nick Hampton and a very
committed Board of Directors, is well-positioned to capture the growth
opportunities that lie ahead. I would like to thank my fellow directors, and
all my friends and colleagues in the Tate & Lyle family around the world
for their support and stimulation since the day I joined the company in
January 2017."

 

This announcement is made pursuant to LR 9.6.11R.

 

For more information contact Tate & Lyle PLC:

Christopher Marsh, VP Investor Relations

Tel: Mobile: +44 (0) 7796 192 688

 

Nick Hasell, FTI Consulting (Media)

Tel: Mobile: +44 (0) 7825 523 383

 

 

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 mouthfeel, we develop
ingredient solutions which reduce sugar, calories, and fat, add fibre and
protein, and provide texture and stability in categories including beverage,
dairy, bakery and snacks, and soups, sauces, and dressings.

We have more than 3,600 employees working in 58 locations across the world.
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 2023, Tate & Lyle revenue totalled £1.75 billion. For more
information, please visit https://www.tateandlyle.com
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