London – Tate & Lyle PLC (OTC:), a global provider of food and beverage ingredients, has announced the resignation of Patricia Corsi from her position as Non-Executive Director. Corsi will step down effective March 31, 2025, due to a conflict between her executive responsibilities and her duties at Tate & Lyle. She has been part of the company's Board of Directors since May 2021 and has contributed to the Remuneration and Nominations Committees.
Corsi's departure is part of the natural ebb and flow of corporate governance, as directors balance their various professional commitments. The company did not immediately disclose plans for a successor or the process by which the new director will be selected.
With a history spanning more than 160 years, Tate & Lyle specializes in creating ingredients that meet the needs of the health-conscious consumer, focusing on reducing sugar, calories and fat, while enhancing fiber and protein content. The company operates in approximately 58 locations in 121 countries and employs more than 3,300 people. For the financial year ending 31 March 2024, Tate & Lyle reported revenue from continuing operations of £1.65 billion.
The company's shares are traded in London Stock Exchange (LON:) under the symbol TATE.L, and American Depositary Receipts are available under TATYY. As part of its commitment to 'Transforming Lives through Food Science', Tate & Lyle aims to support healthy living, build thriving communities and care for the planet.
This news is based on a press release and reflects a change in the composition of Tate & Lyle's Board of Directors, which may be of interest to investors and stakeholders monitoring leadership dynamics within major companies.
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