Tate & Lyle CEO Hampton plans to step down, Sky News reports
31/03/2026 12:41
March 31 (Reuters) - Food ingredients maker Tate & Lyle's TATE.L top boss Nick Hampton is preparing to step down after eight years as CEO, Sky News reported on Tuesday, citing industry sources. Retail and consumer companies have seen a wave of CEO departures in recent years, with boards increasingly turning to new leaders amid slowing growth, cost pressures and shifting shopper behavior. Tate & Lyle declined to comment on the report when contacted by Reuters. Sky News reported that Tate & Lyle has been working with headhunters for several months to identify a successor to Hampton, who could step down as soon as this year. Hampton joined Tate & Lyle as chief financial officer in 2014 and became CEO in April 2018, overseeing the company through the pandemic and other changes. The company has reshaped its business during his tenure, moving towards sugar reduction and recently acquiring CP Kelco, a producer of pectin, specialty gums and other ingredients. Shares of Tate & Lyle have lost about 34% of their value since Hampton's appointment. They fell 42.3% in 2025. In February, the company forecast that revenue and core profit would decline by a low-single-digit percentage year-on-year for the year ending March 31. Tate & Lyle is the ingredient supplier to Splenda, a non-sugar sweetener that goes into Diet Coke and other sugar-free drinks. (Reporting by Rishab Shaju in Bengaluru; Editing by Sahal Muhammed) ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))