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Sean Farrell Sharecast News
07 Oct, 2020 07:46 07 Oct, 2020 07:46

Tate & Lyle CFO Nawaz to join Tesco

Tate & Lyle

750.50p

15:45 15/11/24
-0.86%
-6.50p

Tate & Lyle's Chief Financial Officer Imran Nawaz has resigned from the company to become CFO of Tesco after little more than two years at the food and drinks ingredients company

Food & Drug Retailers

4,369.80

15:45 15/11/24
0.29%
12.74

Food Producers & Processors

7,955.04

15:44 15/11/24
-1.87%
-151.91

FTSE 100

8,060.61

15:45 15/11/24
n/a
n/a

FTSE 250

20,508.75

15:45 15/11/24
n/a
n/a

FTSE 350

4,453.56

15:45 15/11/24
n/a
n/a

FTSE All-Share

4,411.85

15:45 15/11/24
n/a
n/a

Tesco

345.50p

15:45 15/11/24
1.05%
3.60p

Nawaz will stay at Tate & Lyle until April 2021 to finish the current financial year and support an orderly transition, the FTSE 250 company said. Tate & Lyle said it had started looking for a replacement.

He joined Tate & Lyle in August 2018 from Mondelez after a 16-year stint at Mondelez and Kraft Foods. His move will put him in one of the top jobs in UK retail.

Nick Hampton, Tate & Lyle's chief executive, said: "Imran has been an outstanding finance leader and has played an instrumental role in building the financial discipline to enable us to deliver on our strategy."

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