British food ingredients maker Tate & Lyle has announced that its chief financial officer, Imran Nawaz, has stepped down from the role.
He will remain with the company until April 2021 to close the current financial year and ensure a smooth transition.
Nawaz will take up the role of the chief financial officer in Tesco, Tate & Lyle added.
'An Outstanding Finance Leader'
Commenting on his departure, Tate & Lyle chief executive, Nick Hampton, said, “Imran [Nawaz] has been an outstanding finance leader and has played an instrumental role in building the financial discipline to enable us to deliver on our strategy.
“I want to thank Imran for his personal support and dedication to the company over the last two years and wish him every success in the next stage of his career.”
The board of Tate & Lyle has initiated a process to appoint his successor and will announce its decision in due course.
Tate & Lyle chairman, Gerry Murphy, stated, “Imran [Nawaz] has been a highly valued member of the management team and on behalf of the board I would like to thank him for his significant contribution to Tate & Lyle and wish him every success in the future.”
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.