LONDON – Tate & Lyle PLC (OTC:), a global supplier of food and beverage ingredients, has announced the resignation of Patricia Corsi as a non-executive director. Corsi will step down on March 31, 2025 due to a conflict between her executive responsibilities and duties at Tate & Lyle. She has been part of the company’s board since May 2021 and has participated in the compensation and nomination 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 reveal plans for a successor or the process by which a new director will be chosen.
Tate & Lyle, with a history spanning over 160 years, specializes in creating ingredients that satisfy health-conscious consumers, focusing on reducing sugar, calories and fat while increasing fiber and protein content. The company operates in approximately 58 locations in 121 countries and employs more than 3,300 people. For the fiscal year ending March 31, 2024, Tate & Lyle reported income from continuing operations of £1.65 billion.
The company’s shares are traded on 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 Tate & Lyle’s board composition, which may be of interest to investors and stakeholders following leadership dynamics within large corporations.
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