Tate & Lyle said today (25 May) that Simon Gifford will retire as group finance director and from the board of Tate & Lyle at the close of the Annual General Meeting on 19 July 2006.
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Gifford has worked for Tate & Lyle since 1969 and has served on the board and as group finance director since January 1996. The company said that to ensure a smooth handover to his successor, he will remain with the company until 1 October 2006, his contractual retirement date.
Sir David Lees, chairman of Tate & Lyle, said: “Simon has dedicated his career to Tate & Lyle and been a major contributor to the development of the business, both strategically and financially. The board is deeply appreciative of his loyal service over the past 37 years and wishes him a long and happy retirement.”
John Nicholas, 49, formerly group finance director of Kidde Plc, will join the company on 1 June 2006 and has been appointed to take over as group finance director.
Iain Ferguson, chief executive of Tate & Lyle, said: “I am delighted that John Nicholas has agreed to join Tate & Lyle. He brings with him a combination of industrial and international experience, as well as strong financial skills. We very much look forward to working with John as we continue to implement our strategy to grow our business. I would also like to express my sincere thanks to Simon Gifford for his outstanding contribution to Tate & Lyle and for the support he has given me in the past three years.”
