...Got himself a board of directors gig at Tate & Lyle. First foot is out the door. No pun intended.
You read their press release and you wonder if they have paid attention to the past 4 years of Croda's share price. At least they can trust he will deliver a sweet pay package for the executives while not even providing raises that keep pace with inflation to the serfs.
Board changes
27 Mar 2025 | Filed in: Press Releases
Steve Foots will join the Board as a non-executive director and as a member of the Remuneration and Nominations Committees.
LONDON, UNITED KINGDOM, 27 March 2025 - Tate & Lyle PLC (the “Company”) is pleased to announce that Steve Foots will join the Board as a non-executive director and as a member of the Remuneration and Nominations Committees from the conclusion of the Annual General Meeting which is to be held on 24 July 2025 (the “AGM”), subject to his election at the AGM.
Steve is Chief Executive of Croda International Plc, the FTSE100 speciality ingredients business that uses smart science to create high-performance ingredients and solutions that improve lives, a position he has held since 2012. He joined Croda as a graduate trainee in 1990 and during his career with the company has held a number of senior management positions including President of Croda Europe from 2010. He also serves as the co-Chair of the Chemistry Council, the joint Government / industry sector council for the chemical industry in the UK.
The Company also announces that Lars Frederiksen, an independent non-executive director, will retire from the Board from the conclusion of the AGM after serving for a full nine-year term. Lars has served on the Board since April 2016 and was a member of the Remuneration and Nominations Committees.
David Hearn, Chair of Tate & Lyle, said: “I am delighted that Steve has agreed to join the Board. His strategic and operational leadership experience, and deep understanding of the importance of customer focus and innovation, will be of significant benefit to the Board as we deliver on Tate & Lyle’s growth agenda. I am also very appreciative of the significant contribution that Lars has made to the success of Tate & Lyle during his time with the business and we wish him well for the future.”
There are no further disclosures to be made in connection with Mr Foots’ appointment pursuant to paragraph 6.4.8 of the Financial Conduct Authority’s Listing Rules.