Tate & Lyle Board Change
Tate Lyle PLC (the “Company”) announces the appointment of Sir Peter Gershon as a non-executive director and Chairman-elect of the Company. Sir Peter will join the Board on 1st February 2009 and will succeed Sir David Lees as Chairman of the Company by the end of 2009.
Sir Peter Gershon has had a distinguished 30 year career in the computer, telecommunications and defence industries. Between 1987 and 1999 he was managing director of STC Telecommunications, GPT and Marconi Electronic Systems. In 2000, he was appointed Chief Executive of the Office of Government Commerce, in which capacity he also headed up the UK Government’s Efficiency Review in 2003/ 2004. Amongst his other current activities, Sir Peter is, and will remain, Chairman of Premier Farnell plc.
Sir David Lees, Chairman of Tate Lyle, said “I am delighted to welcome Peter to the Board of Tate Lyle and very much look forward to working closely with him in the months ahead as we transition the Chairmanship of Tate Lyle.”
Sir Peter Gershon said “This is an exciting time to be joining Tate Lyle, following the significant re-shaping of the Group over the last few years under the focused and diligent leadership of Sir David Lees and Iain Ferguson. I am greatly looking forward to working with Sir David, Iain and the rest of the Tate Lyle Board on the many opportunities and challenges that lie ahead.”
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Tate Lyle operates through two global business units, Speciality Food Ingredients and Bulk Ingredients, supported by Innovation and Commercial Development. The Group's strategy is to become the leading global provider of Speciality Food Ingredients through a disciplined focus on growth, and by driving the Bulk Ingredients business for sustained cash generation to fuel this growth.
Speciality Food Ingredients include starch-based speciality ingredients (corn-based speciality starches, sweeteners and fibres), no calorie sweeteners (including SPLENDA® Sucralose) and Food Systems which provides blended ingredient solutions. Bulk Ingredients include corn-based bulk sweeteners, industrial starches and fermentation products (primarily acidulants). The co-products from both divisions are primarily sold as animal feed.
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 2012, Tate Lyle sales totalled £3.1 billion. http://www.tateandlyle.com. SPLENDA® is a trademark of McNeil Nutritionals, LLC
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