REG - Treatt PLC - Chairman Succession and Board Change

TreattAnnouncement

24/06/2022 13:30

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RNS Number : 1603Q  Treatt PLC  24 June 2022

 

24 June 2022

 

TREATT PLC

("Treatt" or "the Company")

 

Chairman Succession and Board Change

 

Treatt, the manufacturer and supplier of a diverse and sustainable portfolio
of natural extracts and ingredients for the beverage, flavour and fragrance
industries, announces that following an extensive selection process Vijay
Thakrar is appointed Chairman Designate and will succeed Tim Jones, who has
informed the Board of his intention to retire as Chairman of the Group at the
conclusion of the Annual General Meeting on 27 January 2023.

Vijay joined the Board of Treatt as an independent Non-executive director on 1
September 2020. He is currently a Non-executive director on the Boards of
Alpha FX Group plc and RSM UK Holdings Limited and Non-executive Chairman of
Alumasc Group plc.

 

Tim Jones, Chairman of Treatt, commented "I am delighted to announce that
Vijay will succeed me as Chairman of Treatt next year.  Vijay has substantial
experience from a broad business and non-executive career covering a number of
large international organisations, as well as extensive knowledge of Treatt.

 

I am extremely proud to have served as Treatt's Chairman and to have been part
of the Company's evolution and development and look forward to the remaining
months of my tenure."

 

Vijay Thakrar said "I am delighted to be succeeding Tim as Chairman of Treatt
and to be working with the Executive Leadership Team led by our Chief
Executive, Daemmon Reeve, to continue to build on the successful growth of the
business. Tim has been an outstanding Chairman, having seen the Company
through transformational change and substantial growth since his appointment
in 2012 and he will be greatly missed. On behalf of the Board and all our
stakeholders, I would like to thank Tim for his leadership of the Company and
enormous contribution to its success over the past decade."

 

Board Change

 

The Company's announces that Lynne Weedall has informed the Board of her
intention to resign as a Non-executive Director with effect from 17 September
2022, in order to devote more time to her other board commitments.

 

Tim Jones, Chairman of Treatt, commented "I would like to express the thanks
of the Company and the Board to Lynne for her contribution to the Treatt Group
since April 2019 and for her work in leading various board appointment as
Chair of the Nomination Committee. We wish her well in her future
endeavours."

 

 

 

 

 

For further information please contact:

 

Treatt
plc

Anita Guernari

Company Secretary

 

01284 702500

END

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