Tate & Lyle PLC Directorate Change
Tate Lyle PLC announces today that William ‘Bill’ Camp has been appointed as a Non-Executive Director with effect from 1 May 2010.
Bill Camp has over thirty years experience in the agriculture products industry. From 1985 until his retirement in 2007, he was employed by Archer Daniels Midland Company (ADM), an agricultural processing company and manufacturer of value-added food and feed ingredients, in a variety of management positions including Executive Vice President, Asia Strategy, Executive Vice President, Processing and Senior Vice President, Global Oil Seeds, Cocoa and Wheat Milling. Prior to joining ADM, he was employed by A E Staley Manufacturing Limited (which was subsequently acquired by Tate Lyle in 1988). He is based in the USA and currently has a portfolio of directorships, serving on the board of Chiquita Brands International Inc, the NYSE-quoted international marketer and distributor of high-quality value-added food products, Grain Storage Inc and Oasis Foods Company.
Sir Peter Gershon, Chairman of Tate Lyle, said "The Board is delighted that Bill has agreed to join us. His detailed knowledge and experience of the agriculture products industry, especially in North America, will be of significant benefit to the Board.”
There are no further disclosures to be made in connection with Mr Camp’s appointment pursuant to paragraph 9.6.13 of the Financial Services Authority’s Listing Rules.
Tate Lyle operates through two global business units, Speciality Food Ingredients and Bulk Ingredients, supported by Innovation and Commercial Development. The Group's strategy is to become the leading global provider of Speciality Food Ingredients through a disciplined focus on growth, and by driving the Bulk Ingredients business for sustained cash generation to fuel this growth.
Speciality Food Ingredients include starch-based speciality ingredients (corn-based speciality starches, sweeteners and fibres), no calorie sweeteners (including SPLENDA® Sucralose) and Food Systems which provides blended ingredient solutions. Bulk Ingredients include corn-based bulk sweeteners, industrial starches and fermentation products (primarily acidulants). The co-products from both divisions are primarily sold as animal feed.
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 2013, Tate Lyle sales totalled £3.3 billion. http://www.tateandlyle.com. SPLENDA® is a trademark of McNeil Nutritionals, LLC
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