UK sugar and sweeteners company Tate & Lyle has announced that Iain Ferguson is to become the company’s new chief executive officer.

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Ferguson, 47, will join Tate & Lyle from Anglo-Dutch consumer products giant Unilever where he holds the position of senior vice president, corporate development. He will take up his new position at Tate & Lyle on 1 May.

Simon Gifford, currently acting CEO and group finance director, will remain in that role until 1 May and will continue as group finance director thereafter.

Stanley Musesengwa currently CEO of the Tate & Lyle Europe Division, will join the board on 2 April and take up the new position of chief operating officer on 1 May.

John Walker will retire from the board on 2 April after ten years as a director. Walker joined the company in 1966. He will continue to assist Tate & Lyle’s European sugar businesses until August 2004.

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