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LONDON - Tate & Lyle PLC (OTC:TATYY) announced Friday that Sarah Kuijlaars, the company’s Chief Financial Officer, has resigned from her non-executive director role at Inchcape (OTC:INCPY) PLC, effective April 13, 2025. The resignation is due to scheduling conflicts with her executive responsibilities at Tate & Lyle (LON:TATE). Kuijlaars served as the Chair of the Audit Committee and was a member of the Nomination Committee at Inchcape.
The departure aligns with corporate governance best practices as stipulated by the Listing Rule 6.4.6, ensuring that executive duties do not interfere with external directorship responsibilities. The move may be seen as a step to maintain focus on Tate & Lyle’s strategic objectives, particularly following its recent acquisition of CP Kelco. This acquisition positions Tate & Lyle as a leader in the field of mouthfeel ingredients, enhancing its solutions capabilities.
Tate & Lyle, with a history spanning 165 years, is known for its innovation in food and beverage ingredients, focusing on healthier consumer choices. The company’s growth strategy includes providing ingredients that reduce sugar, calories, and fat, while adding fiber and protein. This strategy is in line with its commitment to supporting healthy living, building thriving communities, and caring for the planet.
The company, which operates in 39 countries and serves customers in more than 120 countries, has expanded its workforce to over 5,000 employees following the CP Kelco acquisition. On a pro forma basis, assuming the CP Kelco deal was effective from April 1, 2023, Tate & Lyle’s revenue for the year ended March 31, 2024, would have been £2.25 billion.
Tate & Lyle is listed on the London Stock Exchange (LON:LSEG) with the ticker symbol TATE.L, and its American Depositary Receipts trade under TATYY. The information regarding Sarah Kuijlaars’ resignation is based on a press release statement.
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