Tate & Lyle PLC Board Changes

Monday, December 19th, 2016 | 973 Views

These include the addition of Dr Gerry Murphy, and the retirement of Liz Airey from the Board.

Tate & Lyle PLC has announced the appointment of Dr Gerry Murphy as a non-executive director and chairman-designate of the Company. He will join the Board on 1 January 2017 and will succeed Sir Peter Gershon as chairman of the company on 1 April 2017 following Sir Peter’s retirement as a director on 31 March 2017.

Dr Murphy is chairman of The Blackstone Group’s principal European entity. His early career was in the food and drinks sector, primarily with Grand Metropolitan plc (now Diageo plc) and Greencore Group plc, where he was CEO, before becoming CEO of Exel plc, Carlton Communications plc and most recently Kingfisher plc.

Sir Peter Gershon said: “I am delighted to welcome Gerry to the Board of Tate & Lyle and very much look forward to working closely with him during the first quarter of calendar 2017 as we transition the chairmanship.” Dr Gerry’s extensive experience in the food industry and as chief executive, investor and independent director will help him guide the company in the years ahead, he added.

Dr Murphy said: “I am honoured to succeed Sir Peter as chairman of Tate & Lyle and I am very excited about working with Javed Ahmed, the Board and the leadership team to help deliver the company’s growth agenda. Having started my career in the food industry, joining Tate & Lyle feels like coming home.”

Upon Dr Murphy’s appointment as a non-executive director, he will join the Corporate Responsibility and Nominations Committees and will assume chairmanship of the Nominations Committee with effect from 1 April 2017.

It was further announced that, having led the chairman succession process, Liz Airey has informed the Board that she intends to step down as senior independent director on 31 December 2016 and will retire from the Board at the Annual General Meeting in July 2017. Douglas Hurt will assume the role of senior independent director, in addition to his role as chairman of the Audit Committee, with effect from 1 January 2017.

Sir Peter Gershon said: “I would like to thank Liz for her 10 years of outstanding service and significant contribution to the Board and, in particular, for her time served as chairman of the Audit Committee and as senior independent director.”