Change of chief for Tate & Lyle

The boss of Tate & Lyle is to step down, with the sweetener and ingredients firm’s finance chief taking on the top job.

The FTSE 250 company said yesterday that Javed Ahmed will retire from the company on 1 April, ending an eight-year stint.

Nick Hampton, who joined Tate & Lyle as chief financial officer in 2014 from Pepsico, will become the group’s new boss.