Tate & Lyle has confirmed that interim finance director Tim Lodge is to keep the post on a permanent basis, as the sugar giant continues to revamp its senior management.
Lodge has been with the company for more than 20 years and was previously director of investor relations.
He stepped up to take on the finance brief following news of the departure of previous department chief John Nicholas, whose exit was announced in September after just two years with the company.
Lodge claimed the post after what group chairman Sir David Lees called a “thorough, competitive process”.
“I am delighted that Tim has been appointed to the role of group finance director,” said Tate & Lyle chief executive Iain Ferguson. “He has built an excellent reputation both internally and externally during his time with the group and I look forward to working with him in his new role as we continue to implement our growth strategy.”
The news comes after Tate & Lyle last month announced that Sir Peter Gershon is to replace Lees as group chairman in 2009.
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