Tate & Lyle appoints new CFO
Tate & Lyle has appointed Nick Hampton to the position of chief financial officer and to the boa…Tate & Lyle has appointed Nick Hampton to the position of chief financial officer and to the board of Tate & Lyle with effect from 1 September 2014. Tim Lodge, chief financial officer since 2008, will continue in his current role and as a director until 31 August 2014, and will then leave Tate & Lyle after a short transition period.
Hampton joins Tate & Lyle from PepsiCo where he has been president West Europe and senior vice president Commercial Europe since 2013. Prior to that, during a 20-year career at PepsiCo, he held a number of senior finance and operational roles.
"I am delighted to welcome Nick to Tate & Lyle,” said Javed Ahmed, chief executive. “He brings with him a wealth of experience in the food and beverage industry and his strong expertise and knowledge will be highly complementary to our team. I very much look forward to working with him as we continue to execute our strategy.”
“Tim has been a great support to the Board, to me personally and to the executive team, and has led key aspects of the transformation of Tate & Lyle with distinction. After six years in the role, Tim indicated to the Board that he was ready for a new challenge. I am sorry to see him go and I would like to thank Tim for the important role he has played in the success of Tate & Lyle.”
“Nick brings extensive commercial and technical knowledge to Tate & Lyle and is a very welcome addition to our board,” said Sir Peter Gershon, chairman of Tate & Lyle. “We are very grateful to Tim for his outstanding contribution in his six years as Chief Financial Officer and throughout his 25-year career with Tate & Lyle. We wish him every success in the next stage of his career.”
