REG - Treatt PLC - Appointment of Chief Executive Officer

TreattAnnouncement

04/03/2024 07:00

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RNS Number : 3428F  Treatt PLC  04 March 2024

4 March 2024

 

TREATT PLC

 ("Treatt" or "the Group")

 

Appointment of Chief Executive Officer

 

 

Treatt, the manufacturer and supplier of a diverse and sustainable portfolio
of natural extracts and ingredients for the beverage, flavour and fragrance
industries, today announces the appointment of David Shannon as Group Chief
Executive Officer and a Director effective on 3 June 2024.

 

David joins Treatt from Croda International Plc where he has held a number of
senior roles, recently as President of Consumer Care and an Executive
Committee member. He has extensive experience in selling specialty ingredients
in the B2B environment for the Flavour and Fragrance, Personal Care,
Pharmaceutical and Agricultural industries worldwide.

 

David has a proven track record of sustainably growing businesses in dynamic
markets. He has spent 13 years in various roles in the USA, a key market for
Treatt, and has recently overseen a new manufacturing project in China.
David's experience includes global business management, setting and delivering
strategy, optimising science and innovation to drive revenue growth,
identifying new ways to maximise revenue and attracting, retaining and
developing employees. He has a degree in Chemistry from Edinburgh University.

 

Ryan Govender and Alison Sleight will continue as Interim CEO & Interim
CFO respectively until David joins, when Ryan will resume as CFO and Alison as
Group Finance & IT Director, and the Board thanks them for their continued
commitment and strong contribution.

 

Vijay Thakrar, Chair of Treatt, commented:

 

"Following a robust search process that attracted a number of high quality
candidates, we are thrilled that David is joining the Treatt team. He has
highly relevant international experience delivering growth in an innovation
led group, with a motivational and collaborative leadership style, which will
enable him to lead Treatt through its next, exciting phase. The Board and I
look forward to working closely with David, Ryan and our Leadership Team as
they focus on realising the full potential of Treatt following the investments
of recent years.

 

David Shannon added:

 

"I am honoured to be joining Treatt as CEO, a company that has a remarkable
history of delivering excellence to its customers through sustainability,
innovation and agility, supported by a unique culture. I am looking forward to
working with everyone at Treatt to build on its strong foundation, unlock new
opportunities and chart a path of sustained success."

 

The Company confirms that there is no further information to be disclosed
under the requirements of Listing Rule 9.6.13 in relation to the appointment.

 

 

 

Treatt plc                               +44
(0)1284 702500

Vijay Thakrar
        Chair

Ryan Govender                                  Interim Chief
Executive Officer

Alison Sleight                                     Interim
Chief Financial Officer

 

Brokers

Investec Bank plc                             +44
(0) 20 7597 5970

Patrick Robb

David Anderson

 

Peel Hunt
LLP                                    +44
(0) 20 7418 8900

George Sellar

Mike Burke

 

Financial PR

MHP Communications                   +44 (0) 20 3128 8789

Tim Rowntree

Eleni Menikou

Catherine Chapman

 

About the Group

Treatt is a global, independent manufacturer and supplier of a diverse and
sustainable portfolio of natural extracts and ingredients for the flavour,
fragrance and multinational consumer product industries, particularly in the
beverage sector. Renowned for its technical expertise and knowledge of
ingredients, their origins and market conditions, Treatt is recognised as a
leader in its field.

 

The Group employs over 350 staff in Europe, North America and Asia and has
manufacturing facilities in the UK and US.  Its international footprint
enables the Group to deliver powerful and integrated solutions for the food,
beverage and fragrance industries across the globe.

 

For further information about the Group, visit www.treatt.com
(http://www.treatt.com) .

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