Food ingredients giant Tate & Lyle has named current Chief Financial Officer Nick Hampton (pictured) as its new Chief Executive Officer, effective from April 1.
He succeeds current boss Javed Ahmed, who is to retire from the company.
Hampton joined Tate & Lyle as CFO in September 2014 after 20 years at PepsiCo, where his most recent role was President West Europe.
He will be paid £665,000 annually, plus bonuses.
Praising Hampton’s track record, Tate & Lyle’s Chairman Gerry Murphy said: “We are confident he has the experience, energy and vision to lead Tate & Lyle through the next phase of its development. My fellow Board members and I look forward to working with Nick and our top team in the exciting years ahead.
Nick 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.”
