UK – Tate & Lyle, a global leader in functional food ingredients, has appointed Sarah Kuijlaars as its new Chief Financial Officer (CFO).
Kuijlaars will also join the company’s Board, where she will oversee budgeting and set financial goals as Tate & Lyle continues to focus on its growth strategy.
She succeeds Dawn Allen, who is set to join Haleon on September 15, 2024. Allen will remain with Tate & Lyle until late October to ensure a smooth transition.
Kuijlaars brings a wealth of experience to Tate & Lyle, having held several executive leadership positions prior to this appointment. Most recently, she served as CFO for De Beers Group, the global diamond company.
Her extensive career also includes roles as CFO for the design and consultancy firm Arcadis and the automotive giant Rolls-Royce, where she was CFO of civil aerospace and group controller.
Nick Hampton, CEO of Tate & Lyle, stated, “Sarah is an outstanding addition to our executive team, and I am delighted to welcome her to Tate & Lyle. Her proven track record of financial leadership in large and dynamic global businesses will prove invaluable to us as we enter the next phase of our growth agenda as a focused food and beverage solutions business.”
Kuijlaars’ appointment comes as Tate & Lyle continues to execute its strategic growth initiatives.
In July 2024, the company acquired CP Kelco for US$1.8 billion, further expanding its portfolio to meet rising consumer demand for healthier and more sustainable food and beverage options.
As part of this deal, CP Kelco’s former parent company, J.M. Huber Corporation, will retain a 16 percent stake in the newly formed entity and secure two board seats, ensuring continued collaboration.
Tate & Lyle has also been actively managing its capital through a stock repurchase plan, recently buying back 158,262 of its ordinary shares.
The company’s ongoing buyback activity reflects its commitment to returning value to shareholders while maintaining financial flexibility.
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