Treatt PLC Board Update (5401D)
June 30 2021 - 2:00AM
UK Regulatory
TIDMTET
RNS Number : 5401D
Treatt PLC
30 June 2021
TREATT PLC
("Treatt" or "the Company")
30 June 2021
Board Update
Treatt, the manufacturer and supplier of a diverse and
sustainable portfolio of natural extracts and ingredients for the
beverage, flavour and fragrance industries, today announces that
Chief Financial Officer, Richard Hope, has informed the Company of
his intention to retire from the business with effect from 30 June
2022.
A search process to identify a successor for Richard will
commence shortly and the Board is very grateful to Richard for
providing a 12 month notice period, which will help the Company
find the best candidate possible and will also ensure a smooth and
orderly transition period, once his successor joins.
Daemmon Reeve, Chief Executive Officer, commented:
"Richard should be immensely proud of his huge contribution to
Treatt. He has worked for the business for almost 20 years as CFO
where his input has been central to Treatt's track record of
growth. His experience and guidance have been invaluable to me
during our journey of successful strategic change and cultural
transformation. In addition, his stewardship of our growth
investment programmes, both in the US and more recently in the UK,
which has culminated in the opening of our new state of the art
facility, has helped take Treatt to the next level.
"There is plenty of time for myself and all Richard's colleagues
to thank him for his role in the business, and in the meantime we
look forward to working with him to ensure a smooth transition to
build on his strong legacy."
Tim Jones, Chairman, commented:
"The record of the team led by Daemmon and Richard in delivering
growth, raising the Company's profile, and investing for the future
has been truly impressive. Richard has been a major contributor to
that success and on behalf of the Board I would like to put on
record our sincere appreciation and best wishes for his
well-deserved retirement."
Richard Hope commented:
"Being the Chief Financial Officer of Treatt for almost twenty
years has been the honour of my life. I would like to thank
Daemmon, Tim and the Board for their support and wise counsel over
many years. Above all, though, I would like to thank all the
brilliant and inspirational colleagues across the Group, both past
and present, with whom I have had the pleasure to work. There is so
much opportunity for Treatt and I look forward to being able to
play my part in the team over the next year. It is a truly unique
business with great people and great products and I know the
business will continue to go from strength to strength."
Enquiries:
Treatt plc +44 (0)1284 702500
Daemmon Reeve Chief Executive Officer
Richard Hope Chief Financial Officer
Joint Brokers
Investec Bank Plc +44 (0)20 7597 5970
Patrick Robb
David Anderson
Alex Wright
Peel Hunt LLP +44 (0) 20 7418 8900
George Sellar
Andrew Clark
Will Bell
Financial PR
MHP Communications +44 (0) 20 3128 8789
Tim Rowntree
Simon Hockridge
Catherine Chapman
About the Group
Treatt is a global, independent manufacturer and supplier of a
diverse and sustainable portfolio of natural extracts and
ingredients for the flavour, fragrance and multinational consumer
product industries, particularly in the beverage sector. Renowned
for its technical expertise and knowledge of ingredients, their
origins and market conditions, Treatt is recognised as a leader in
its field.
The Group employs over 300 staff in Europe, North America and
Asia and has manufacturing facilities in the UK and US. Its
international footprint enables the Group to deliver powerful and
integrated solutions for the food, beverage and fragrance
industries across the globe.
For further information about the Group, visit www.treatt.com
.
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END
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