Sector News

Tate & Lyle names Mondelēz’s Imran Nawaz as its new CFO

April 18, 2018
Food & Drink

Tate & Lyle has announced the appointment of Imran Nawaz to the position of chief financial officer, with effect from 1 August 2018.

Nawaz succeeds Nick Hampton in that role, who, as announced on 16 January 2018, was appointed CEO earlier this month.

Imran Nawaz joins Tate & Lyle from Mondelēz International where he has been senior vice president of finance in its Europe division since 2014.

Nick Hampton said: “I am delighted to welcome Imran to Tate & Lyle and the executive team. He brings with him deep experience of the global food industry, and a proven track record of financial leadership. I very much look forward to working with him as we continue to drive the company’s growth agenda.”

Tate & Lyle chairman Gerry Murphy added: “Imran’s broad financial, business and international experience will be of great value to Tate & Lyle, and he is a very welcome addition to our board.”

Nawaz started his career with the auditing firm Deloitte in New York where he spent three years. In 1997, he joined Philip Morris in corporate audit before moving to Kraft Foods initially to work in global supply chain finance in London and then as a regional financial controlling manager based in Vienna.

In 2005, he was appointed Kraft Foods finance director for Middle East and Africa, and then category finance director for cheese and grocery Europe in 2007 and vice president of finance for chocolate Europe in 2009.

In 2013, Nawaz became Kraft Foods vice president finance for Eastern Europe, Middle East, and Africa before being appointed as senior vice president of finance Europe in 2014, based in Zurich, Switzerland.

Nawaz holds a bachelor of science in accountancy at Lehigh University, Pennsylvania, US.

In his new role, Nawaz will receive an annual salary of £470,000 and a company contribution to his pension plan of 20% of base salary.

He will also be eligible for a bonus under Tate & Lyle’s discretionary bonus scheme. The bonus scheme currently provides for a bonus paid at 50% of salary at target and a maximum opportunity of 175% of salary.

Source: FoodBev

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