Tate & Lyle welcomes new CEO
Tate & Lyle has appointed Nick Hampton as its new chief executive, with effect from 1 April.
Hampton is currently chief financial officer and a board member of Tate & Lyle, a role he has held since September 2014. He joined the company from PepsiCo where he had served as president West Europe and senior vice president of commercial Europe since 2013. Prior to that, during a 20-year career at PepsiCo, he held a number of senior finance and operational roles.
He succeeds Javed Ahmed who, having served as chief executive of Tate & Lyle since October 2009, will step down from this role and from the board, and retire from the company on 1 April.
He says, “I am delighted and honoured to be appointed Tate & Lyle’s next chief executive. Tate & Lyle has a strong portfolio of ingredients, outstanding people, and deep technical expertise.”
Gerry Murphy, chairman of Tate & Lyle, says, “On behalf of the board, I would like to thank Javed Ahmed for his exceptional leadership of Tate & Lyle over the last eight years. During his tenure, Tate & Lyle has been through a very significant strategic, operational and organisational transformation from a largely commodity business into the high quality global food ingredients business it is today.”
Ahmed adds, “Today, Tate & Lyle is a much stronger and higher quality business than it was eight years ago, and with Nick leading the company along with its strong management team, it is in great hands.”
The process to appoint a new chief financial officer of Tate & Lyle is underway, and a further announcement will be made in due course.