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REG - Tate & Lyle PLC - Directorate Change

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RNS Number : 3843C  Tate & Lyle PLC  27 March 2025

27 March 2025

 

 

Tate & Lyle PLC

 

 

BOARD CHANGES

 

Tate & Lyle PLC (the "Company") is pleased to announce that Steve Foots
will join the Board as a non-executive director and as a member of the
Remuneration and Nominations Committees from  the conclusion of the Annual
General Meeting which is to be held on 24 July 2025 (the "AGM"), subject to
his election at the AGM.

 

Steve is Chief Executive of Croda International Plc, the FTSE100 speciality
ingredients business that uses smart science to create high-performance
ingredients and solutions that improve lives, a position he has held since
2012.  He joined Croda as a graduate trainee in 1990 and during his career
with the company has held a number of senior management positions including
President of Croda Europe from 2010.  He also serves as the co-Chair of the
Chemistry Council, the joint Government / industry sector council for the
chemical industry in the UK.

 

The Company also announces that Lars Frederiksen, an independent non-executive
director, will retire from the Board from the conclusion of the AGM after
serving for a full nine-year term. Lars has served on the Board since April
2016 and was a member of the Remuneration and Nominations Committees.

 

David Hearn, Chair of Tate & Lyle, said: "I am delighted that Steve has
agreed to join the Board. His strategic and operational leadership experience,
and deep understanding of the importance of customer focus and innovation,
will be of significant benefit to the Board as we deliver on Tate & Lyle's
growth agenda. I am also very appreciative of the significant contribution
that Lars has made to the success of Tate & Lyle during his time with the
business and we wish him well for the future."

 

There are no further disclosures to be made in connection with Mr Foots'
appointment pursuant to paragraph 6.4.8 of the Financial Conduct Authority's
Listing Rules.

 

 

For more information contact Tate & Lyle PLC:

 

Investors and analysts

Christopher Marsh, VP Investor Relations

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

 

Media

Nick Hasell, FTI Consulting

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

Tel: Office: +44 (0) 203 727 1340

Email: tate@fticonsulting.com

 

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
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, X (Twitter)
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