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Tate & Lyle PLC announces today the appointment of Iain Ferguson as Chief Executive. He will take up his new role, and his position on the Board of Tate & Lyle, on 1 May 2003. Simon Gifford, currently Acting Chief Executive and Group Finance Director, will remain in that role until 1 May 2003 and will continue as Group Finance Director thereafter. Iain Ferguson, 47, is currently Senior Vice President, Corporate Development of Unilever PLC and NV, prior to which he was Executive Chairman of Birds Eye Walls. He has more than 25 years’ experience of the agricultural and food industries. Stanley Musesengwa, 50, currently Chief Executive Officer of the Tate & Lyle Europe Division, will join the Board on 2 April 2003. He will take up the new position of Chief Operating Officer, reporting to the Chief Executive, on 1 May 2003. John Walker will retire from the Board on 2 April 2003 after 10 years as a director. John joined the Company in 1966. He will continue to assist Tate & Lyle’s European sugar businesses until August 2004. Sir David Lees, Chairman of Tate & Lyle, said "we are delighted that Iain Ferguson will be joining us. His years of experience with a first class international company, his knowledge of the global food industry and his background in science and technology make him an ideal person to lead Tate & Lyle through the next phase of its development. I am particularly pleased that he will be supported in this by Simon Gifford as Group Finance Director, and Stanley Musesengwa as Chief Operating Officer and I congratulate Stanley on his new appointment. I also thank John Walker for his many years of loyal service to Tate & Lyle. "This is a good day for Tate & Lyle. I am confident that, with these appointments in place and after the restructuring we have carried out over the last few years, we are well placed to grow our business. I very much look forward to working with the new team." Mr. Iain Ferguson said "I am delighted to have been offered the opportunity to lead Tate & Lyle. I have long held a strong respect for the Company and its employees. I look forward to working with Sir David and the management team to continue the drive for efficiency and growth." Trading Statement In accordance with Tate & Lyle’s practice at the end of its financial year, a routine trading statement will be issued on 27th March 2003. For more information contact:
About Tate & Lyle Tate & Lyle is a world leader in carbohydrate ingredients. Our core competence is to take basic carbohydrates - corn, wheat or sugar - and add value to these raw materials through technology. As a result of continuous innovation we offer an ever-wider product portfolio of versatile and functional ingredients. These products include Cereal Sweeteners, Starches, Sugars and Citric Acid. Our products have wide applications in the food, beverage, pharmaceutical, cosmetic, paper, packaging and building industries. With headquarters in London, the Group has 8,500 employees and 50 plants in 24 countries. Sales in the 53 weeks to 31 March 2002 totalled £3.9 billion. Biographies of Iain Ferguson & Stanley Musesengwa follow: Iain Ferguson Tate & Lyle PLC, Chief Executive (from 1 May 2003 ) Iain Ferguson graduated from St Andrews University with Bachelor of Science in Chemistry and Psychology, joining the Anglo-Dutch consumer goods business Unilever in 1977. His early career included roles in operations, sales and industrial marketing. After three years as Technical Director of BOCM Silcock, he became Executive Chairman of Plant Breeding International in 1988. In 1992 his role expanded to include Executive Chairmanship of the Unilever Plantation Group. He was made Executive Chairman of Birds Eye Walls in 1995, responsible for some of the country’s best known brands and a company with a turnover of £1 billion. Since April 2001, Ferguson has been Senior Vice-President, Corporate Development Unilever PLC/NV, responsible for the corporate strategy and new business development throughout Unilever. Ferguson is active in a number of key industry groups, including the Institute of Grocery Distribution (where he is a Fellow and has recently become President), the Food & Drink Federation (Vice President), and the British Nutrition Foundation (Non-executive Director). He has served on a number of UK public/governmental bodies, including the Health & Safety Commission quinquennial review, the Department of Trade and Industry Foresight Panel and the Board of Companies House (89-96). Most recently he served as a Commissioner on the Policy Commission on the Future of Farming and Food. He is a Director of the Rothamsted Research Station (part of the largest land-based institute in the UK and the oldest in the world) and a Non-Executive Director of Sygen International plc. Ferguson is 47 years old, married with one child. A British citizen, Ferguson is a member of both the Farmers’ Club and the Caledonian Club. Stanley Musesengwa Tate & Lyle PLC, Chief Operating Officer (from 1 May 2003 ) Aged 50, Stanley Musesengwa joined the Tate & Lyle Group in 1979 as Refinery Manager for the ZSR Corporation in Zimbabwe. He subsequently became ZSR's Commercial Director and Managing Director, as well as overseeing the establishment of wholesale food and distribution centres in the region. In 1995 he became Regional Director, Tate & Lyle Africa, responsible for the Group’s African manufacturing operations, investment portfolio, and a sales & distribution operation in Southern and Central Africa. In December 1999 he was appointed Chief Executive Officer of the newly formed Tate & Lyle Europe incorporating the Group's British and Portuguese sugar refining businesses, global sugar/molasses trading activities and bulk liquid storage division with operations in Canada and the United States. Prior to joining Tate & Lyle Musesengwa worked for Nestle for five years, which included two and a half years service in the USA. Musesengwa is Zimbabwean and married with one son.

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About Tate & Lyle: 
Tate & Lyle PLC is a leading global provider of food and beverage ingredients and solutions. Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, mouthfeel and fibre fortification, our Food & Beverage Solutions business develops solutions which reduce sugar, calories and fat, add fibre, and provide texture and stability in categories including beverages, dairy, bakery, soups, sauces and dressings. Our Primary Products business produces nutritive sweeteners, industrial starches used in paper and packaging, acidulants and products used for animal nutrition.

We have around 4,400 employees working in more than 60 locations across 30 countries. Tate & Lyle’s purpose is Improving Lives for Generations and through our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2021, Tate & Lyle sales totalled £2.8 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on TwitterLinkedin or Facebook.