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Tate & Lyle PLC board changes          


2017-01-06

 

Tate & Lyle PLC (the “Company”) has announced the appointment of Dr Gerry Murphy as a non-executive director and Chairman-designate of the Company.  He joins the Board as of 1 January 2017 and succeeds Sir Peter Gershon as Chairman of the Company on 1 April 2017 following Sir Peter’s retirement as a Director on 31 March 2017.

Dr Murphy is Chairman of The Blackstone Group’s principal European entity. His early career was in the food and drinks sector, primarily with Grand Metropolitan plc (now Diageo plc) and Greencore Group plc, where he was CEO, before becoming CEO of Exel plc, Carlton Communications plc and most recently Kingfisher plc (2003 to 2008). He is a non-executive Director of British American Tobacco plc and Intertrust NV and has held non-executive directorships in a number of London-listed companies including Merlin Entertainments plc from 2013 to 2015. 

Sir Peter Gershon said “I am delighted to welcome Gerry to the Board of Tate & Lyle and very much look forward to working closely with him during the first quarter of calendar 2017 as we transition the Chairmanship. Gerry’s extensive experience in the food industry and as chief executive, investor and independent director in leading international companies equips him well to guide Tate & Lyle in the years ahead.”

Gerry Murphy said “I am honoured to succeed Sir Peter as Chairman of Tate & Lyle and I am very excited about working with Javed Ahmed, the Board and the leadership team to help deliver the Company’s growth agenda. Having started my career in the food industry, joining Tate & Lyle feels like coming home.”

As of Dr Murphy’s appointment as a non-executive director, he joins the Corporate Responsibility and Nominations Committees and assumes chairmanship of the Nominations Committee with effect from 1 April 2017.

Having led the Chairman succession process, Liz Airey informed the Board that she would step down as Senior Independent Director on 31 December 2016 and will retire from the Board at the Annual General Meeting in July 2017. Douglas Hurt assumes the role of Senior Independent Director, in addition to his role as Chairman of the Audit Committee, with effect from 1 January 2017.

Sir Peter Gershon, said “I would like to thank Liz for her ten years of outstanding service and significant contribution to the Board and, in particular, for her time served as Chairman of the Audit Committee and as Senior Independent Director.”

There are no further disclosures to be made in connection with Dr Murphy’s appointment pursuant to paragraph 9.6.13 of the Financial Conduct Authority’s Listing Rules, Tate & Lyle PLC reported.