Tate & Lyle forms new Global Food Ingredients Group
To focus on marketing and maximising the profitability of Tate & Lyle’s current range of value added and functional food ingredients, as well as taking the Company into new ingredient areas and growth opportunities in the future.
21/09/05 Tate & Lyle announces the formation of a new Global Food Ingredients Group responsible for global food ingredients marketing and growth opportunities.
The Global Food Ingredients Group will be led by Mark White, currently Chief Executive of Sugars, Europe, who will assume the position of President, Global Food Ingredients from 1 October 2005.
The Global Food Ingredients Group will focus on marketing and maximising the profitability of Tate & Lyle’s current range of value added and functional food ingredients, as well as taking the Company into new ingredient areas and growth opportunities in the future.
This change to the structure and leadership of Tate & Lyle’s food and industrial ingredients businesses reflects the acceleration of the Group’s growth strategy and continuing commitment to delivering excellence in customer service.
A successor to Mark White as Chief Executive, Sugars, Europe will be announced at a future date. Until this successor is appointed, with effect from 1 October 2005, Rod Burden, currently Financial Director of Sugars, Europe will act as Interim Chief Executive, Sugars, Europe in addition to his current responsibilities.
Tate & Lyle is a world leading manufacturer of renewable food and industrial ingredients. We use innovative technology to transform corn, wheat and sugar into value-added ingredients for customers in the food, beverage, pharmaceutical, cosmetic, paper, packaging and building industries. Tate & Lyle is a leader in cereal sweeteners and starches, sugar refining, value added food and industrial ingredients, and citric acid. Tate & Lyle is the world number-one in industrial starches and is the sole manufacturer of SPLENDA® Sucralose. The Company operates more than 60 production facilities in 28 countries, throughout Europe, the Americas and South East Asia. It employs 6,700 people in its subsidiaries with a further 4,800 employed in joint ventures. Sales in the year to 31 March 2005 totalled £3.3 billion.
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