Associated British Foods plc has announced that Charles Sinclair, Chairman, notified his intention to retire from the board on 11 April 2018.
Michael McLintock, an independent non-executive director of the Company since 1 November 2017, will succeed Charles Sinclair as Chairman of the Company and as chairman of the Nomination committee on that date. Ruth Cairnie, an independent non-executive director of the Company, will succeed Charles as chair of the Remuneration committee on 11 April 2018.
In accordance with section 430(2B) of the Companies Act 2006, the Company confirms that Charles Sinclair will receive payment of fees for service up to the date of his leaving but that no other remuneration payment or payment for loss of office will be made in connection with his departure.
Source: ABF
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