Tate & Lyle Names Former Pepsi Exec As New CEO
Food ingredients company Tate & Lyle has announced the appointment of Nick Hampton as its new chief executive, effective 1 April 2018.
Hampton is currently the group's chief financial officer, and is set to succeed Javed Ahmed, who has held the position since October 2009.
"Nick has been an outstanding chief financial officer with a strong track record of driving performance, building teams and capabilities, and focusing on key customers and markets," said Gerry Murphy, chairman of Tate & Lyle.
"We are confident he has the experience, energy and vision to lead Tate & Lyle through the next phase of its development."
Hampton joined Tate & Lyle in 2014 from PepsiCo, where he held a number of senior finance and operation roles in his twenty-year career.
“I am delighted and honoured to be appointed Tate & Lyle’s next chief executive," he said. "Tate & Lyle has a strong portfolio of ingredients, outstanding people, and deep technical expertise."
"As global demand for healthier and tastier food continues to grow, this business has the opportunity to deliver meaningful benefits for our customers, employees, shareholders, and society at large, in the years ahead."
The company, which produces sweeteners such as Splenda and Lyle's Golden Syrup, saw sales increase 6% to €1.39 billion in the first six months of 2017.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.