LONDON - Tate & Lyle PLC (OTC:TATYY), a global provider of food and beverage ingredients, has announced the resignation of Patricia Corsi from her role as a non-executive director. Corsi will step down effective 31 March 2025, due to conflicts between her executive responsibilities and her duties at Tate & Lyle (LON:TATE). She has been part of the company’s board since May 2021 and contributed to the Remuneration and Nominations Committees.
Corsi’s departure is part of the natural ebb and flow of corporate governance, as directors balance their various professional commitments. The company has not immediately disclosed plans for a successor or the process by which the new director will be selected.
Tate & Lyle, with a history spanning over 160 years, specializes in crafting ingredients that cater to the health-conscious consumer, focusing on reducing sugar, calories, and fat, while enhancing fiber and protein content. The company operates in around 58 locations in 121 countries and employs more than 3,300 people. For the fiscal year ending 31 March 2024, Tate & Lyle reported revenue from continuing operations of £1.65 billion.
The company’s shares are traded on the London Stock Exchange (LON:LSEG) under the symbol TATE.L, and American Depositary Receipts are available under TATYY. As part of its commitment to ’Transforming Lives Through the Science of Food,’ Tate & Lyle aims to support healthy living, build thriving communities, and care for the planet.
This news is based on a press release statement and reflects a change in the composition of the Tate & Lyle board, which may be of interest to investors and stakeholders monitoring leadership dynamics within major corporations.
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