Tate & Lyle Board Changes - May 2008

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Tate & Lyle PLC (the “Company”) announces that Stanley Musesengwa, Chief Executive International and Stuart Strathdee, Corporate Development Director, will retire from Tate & Lyle’s Board of Directors at the Company’s Annual General Meeting (“AGM”) on 23 July 2008.

Stanley Musesengwa has worked for Tate & Lyle for over 28 years and has served on the Board since April 2003. The Group’s portfolio of businesses has been significantly reshaped into four Divisions during the past two years and, as expected, this process has led to Stanley’s current position being phased out. As a result, it has been agreed with Stanley that he will stand down from the Board of Directors and leave Tate & Lyle at the AGM on 23 July 2008 to develop further his portfolio of interests.

In the period from now until the AGM in July, Stanley Musesengwa will assist in an orderly transition of his responsibilities. Direct reporting line responsibilities for Tate & Lyle’s Sugars, Sucralose and Food & Industrial Ingredients, Europe Divisions will transfer to the Chief Executive from 1 July 2008.

Stuart Strathdee has worked for Tate & Lyle for over 31 years and has served on the Board since November 1994. He was appointed to his current position as Corporate Development Director in July 2003. After he stands down as a Director at the AGM, he will remain with Tate & Lyle for a further year to assist the Company with its strategic development before he retires at the end of July 2009.

Sir David Lees, Chairman of Tate & Lyle, said: “Stanley Musesengwa has made an enormous impact on Tate & Lyle. As Chief Operating Officer he led the Company’s operations with great skill during a time of significant change for the business and in the past two years he has played a key role in developing and implementing our streamlined organisational structure. I would like to thank him for all he has done for Tate & Lyle and wish him every success in the future.

“Stuart Strathdee has been a key member of the executive team for a number of years and has played a major role in driving the strategic direction of the business. The Board is deeply appreciative of Stuart’s loyal service as a Director over the past 14 years and is delighted that Tate & Lyle will continue to benefit from his considerable knowledge and expertise for a further year after he stands down from the Board.”

Stanley Musesengwa said: "I have thoroughly enjoyed my time at Tate & Lyle and it has given me great satisfaction to be part of its development. I wish Iain Ferguson and his team every success in the future as they continue to drive the business forward."

Stanley Musesengwa’s current portfolio of interests includes serving as a Non-Executive Director of Croda International plc and as a Trustee of the Eastside Young Leaders Academy.

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About Tate & Lyle: 
Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories, and fat, add fibre and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.

We have more than 3,500 employees working in around 57 locations across 39 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2023, Tate & Lyle revenue from continuing operations totalled £1.75 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on LinkedinX (Twitter)Facebook or YouTube