Last checked at 4 Dec 2008 07:00
null
Tate & Lyle Appoints Tim Lodge as Group Finance Director
Tate & Lyle PLC (the "Company") announces the appointment of Tim Lodge as Group Finance Director and as a member of the Board of the Company with immediate effect. Mr Lodge was previously Acting Group Finance Director and Director of Investor Relations.
Sir David Lees, Chairman of Tate & Lyle, said: "Following a thorough competitive process I am pleased to welcome Tim Lodge to the Board and as Group Finance Director. Having worked for Tate & Lyle in a variety of senior operational and financial roles for over 20 years, Tim's comprehensive knowledge and understanding of our business will be of great value to the Board".
Iain Ferguson, Chief Executive of Tate & Lyle, said "I am delighted that Tim has been appointed to the role of Group Finance Director. He has built an excellent reputation both internally and externally during his time with the Group, and I look forward to working with him in his new role as we continue to implement our growth strategy".
END
1. Biographical details are attached.
2. In accordance with paragraph 9.6.13 of the Financial Services Authority's Listing Rules, the Company confirms that:
i) Tim Lodge has not held any directorship in any publicly quoted company at any time in the past five years; and
ii) There are no further disclosures to be made pursuant to paragraph 9.6.13 of the Financial Services Authority's Listing Rules.
For more information contact Tate & Lyle PLC:
William Baldwin-Charles, Head of Media Relations
Tel: 020 7626 6525 or Mobile: 07810 151425
Note to Editors:
1. During his career with Tate & Lyle, Tim Lodge (44) has held a number of senior operational and financial roles, both in the UK and internationally, including Managing Director of Zambia Sugar, Group Financial Controller, Finance Director of the Food & Industrial Ingredients, Europe Division and Director of Investor Relations. He is an Associate of the Chartered Institute of Management Accountants.
About Tate & Lyle:
Tate & Lyle is a world-leading renewable food and industrial ingredients company, serving a global market from over 50 production facilities throughout the Americas, Europe and South East Asia. Our efficient, large-scale manufacturing plants turn agricultural products, corn and cane sugar, into valuable ingredients for our customers. These ingredients add taste, texture, nutrition and increased functionality to products that millions of people around the world use or consume every day.
Tate & Lyle's range of leading branded food ingredients includes SPLENDA® Sucralose, PROMITORâ„¢ Dietary Fiber, STA-LITE® Polydextrose, Tate & Lyle Fairtrade Sugar and Lyle's Golden Syrup. Tate & Lyle also produces branded industrial ingredients including Bio-PDOâ„¢, Ethylex® and STA-Lock® paper starches; and staple ingredients such as high fructose corn syrup, sugar, ethanol, citric acid and basic starches. In addition to providing a wide range of ingredients our expert sales and product applications teams support customers by providing technical advice and proprietary consumer insight studies.
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 2008, Tate & Lyle employed 6,488 people in its subsidiaries and joint ventures, and sales totalled £3.4 billion. http://www.tateandlyle.com. SPLENDA® is a trademark of McNeil Nutritionals, LLC
Copyright Business Wire 2008