Tate & Lyle PLC, London, said it appointed Nick Hampton as chief executive of Tate & Lyle. He will assume duties in this new role on April 1, 2018. Hampton is currently chief financial officer and a board member of Tate & Lyle.
Hampton succeeds Javed Ahmed who, having served as chief executive since October 2009, will step down from this role and from the board, and retire from the company on April 1.
Hampton joined Tate & Lyle as chief financial officer in September 2014 from PepsiCo, where he served as president West Europe and senior vice president Commercial Europe since 2013. Prior to that, during a 20-year career at PepsiCo, he held a number of senior finance and operational roles.
Gerry Murphy, chairman of Tate & Lyle said, “I am delighted to announce Nick Hampton’s appointment as chief executive of Tate & Lyle. 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. We are confident he has the experience, energy and vision to lead Tate & Lyle through the next phase of its development.”
The process to appoint a new chief financial officer of Tate & Lyle is underway, and a further announcement will be made in due course, the company said.
“I am delighted and honored to be appointed Tate & Lyle’s next chief executive," Hampton 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. I look forward to working with Gerry, the board, the management team and all our employees to drive Tate & Lyle’s business forward.”