25th Mar 2021 13:21
(Alliance News) - Tate & Lyle PLC on Thursday said Vivid Sehgal will become chief financial officer sooner than expected on April 1.
Sehgal was hired in January to replace Imran Nawaz, who is moving to Tesco PLC to be the grocer's CFO. Sehgal joined the board at the start of this month and was originally due to take over on May 1.
Tate & Lyle Chair Gerry Murphy said: "I wish to thank Imran Nawaz for the energy and focus he has brought to the handover to his successor, Vivid Sehgal. This has enabled Vivid to step into the role of chief financial officer earlier than anticipated and from the start of Tate & Lyle's new financial year.
The London-based sweetener and food ingredients maker also announced the retirement of non-executive director Anne Minto. She will step down at Tate & Lyle's annual general meeting on July 29 after nine years on the board.
Tate & Lyle shares were up 0.3% to 768.50 pence in London, outperforming the wider FTSE 250 index, which was down 1.0%.
By Ivan Edwards; [email protected]
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