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Tate & Lyle PLC announce the appointment of David Hearn as a Director and Chair of the Board of Tate & Lyle from 1 January 2024. On appointment, he will also become Chair of the Nominations Committee.

David Hearn is a highly experienced Chair both of listed companies and privately owned businesses.  He currently serves as Chair of Safestore Holdings plc and is also Chair of The a2 Milk Company, a company listed on the New Zealand and Australian Stock Exchanges, a position he will step down from on 16 November 2023.  He is a non-executive director of Lovat Partners Ltd.

In a career spanning more than 40 years, David has held senior roles in a number of global businesses, including in the food and beverage industry with Del Monte, PepsiCo and United Biscuits.  David served as Chief Executive Officer (CEO) of Goodman Fielder, a listed Australian food business, from 1995 to 2001 and also as CEO of Cordiant Group plc in the US from 2001 to 2003.  In 2005, he was appointed CEO of Committed Capital, an international private equity and advisory firm based in London and Sydney, for whom he acted as Chair of a wide range of portfolio businesses over a twelve-year period.

David Hearn will succeed Warren Tucker who has been Interim Chair since 1 September 2023. Warren will continue to serve as a Non-Executive Director and Chair of the Audit Committee after he steps down as Interim Chair.

Paul Forman, Senior Independent Director, who led the search for the new Chair, will retire from the Board on 31 December 2023 and, as previously announced, Kim Nelson will take up the position of Senior Independent Director of Tate & Lyle from 1 January 2024.

Tate & Lyle expands partnership into Greece, Bulgaria and the Republic of North Macedonia

Tate & Lyle PLC, one of the leading global providers of food and beverage ingredients and solutions, is expanding its successful partnership with distributor Azelis in Europe into three new countries, Greece, Bulgaria and the Republic of North Macedonia, from early 2022.

This means Azelis will now be the distributor of Tate & Lyle’s broad portfolio of ingredients and solutions, including its PROMITOR® Soluble Fibres, CLARIA® Clean Label Starches and Stevia sweeteners, to customers in 17 countries.

Azelis is already Tate & Lyle’s biggest distribution partner in Europe and have worked together since 2003. The strengthening of this partnership will allow Tate & Lyle’s customers in Greece, Bulgaria and North Macedonia to benefit from Azelis’ extensive capabilities in solution selling, application and technical services, as well as their market knowledge and supply chain excellence.

Tate & Lyle PLC, a leading supplier of food and beverage ingredients and solutions, announces a set of ambitious new environmental targets and commitments. These targets are aligned to the delivery of Tate & Lyle’s purpose, Improving Lives for Generations, a key pillar of which is to care for our planet and protect its natural resources for the benefit of future generations.

Tate & Lyle’s new environmental targets are, by 2030, to deliver:

  • 30 % absolute reduction in Scope 1 and 2 CO2e emissions, with an ambition to reach 20 % reduction by 2025.
  • 15 % absolute reduction in Scope 3 CO2e emissions.
  • 100 % of its waste to be beneficially used, with an ambition to reach 75 % by 2025.
  • 15 % reduction in water use.
  • In adopting these targets, Tate & Lyle commits to:
  • Eliminate use of coal from its operations by 2025.
  • Establish its Scope 1, 2 and 3 CO2e emissions reductions as Science-Based Targets.

Maintain sustainable acreage equivalent to the volume of corn Tate & Lyle buys globally each year, currently 1.5 million acres, and through partnerships accelerate the adoption of conservation practices.

These new targets and commitments build on the steps already taken to enhance Tate & Lyle’s sustainability across its entire value chain. For example, in September Tate & Lyle announced a landmark sustainable agriculture programme in partnership with TruterraTM (formerly Land O’Lakes SUSTAINTM) to help growers in the US Midwest understand the impact sustainable practices can have on their crops and their profitability, and to adopt them.

To demonstrate its commitment to the new environmental targets, Tate & Lyle has linked the pricing of its US$800 million revolving credit facility, extended in May 2020, to the delivery of its new Scope 1 and 2 CO2e emissions, beneficial waste and water reduction targets.

Nick Hampton, Chief Executive at Tate & Lyle, said: “There has never been a greater need for businesses to address the climate change crisis. One of the key pillars of our purpose of Improving Lives for Generations is to care for our planet and with our new environmental targets and commitments we are taking decisive action to protect our planet’s natural resources for the benefit of future generations.”

Anna Pierce, Director of Sustainability at Tate & Lyle, added: “These stretching new targets demonstrate our steadfast commitment to integrate sustainability into our day-to-day business activities, processes and culture.”