REG - Tate & Lyle PLC - Directorate Change

Tate & LyleAnnouncement

13/08/2024 07:00

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RNS Number : 1513A  Tate & Lyle PLC  13 August 2024

 

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 (mailto: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.

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