Tate & Lyle CEO Hampton plans to step down, Sky News reports

March 31 (Reuters) - Food ingredients maker ​Tate & Lyle's top ⁠boss Nick Hampton is ​preparing to step down after eight years as CEO, Sky News ​reported ‌on Tuesday, citing industry sources.

Retail and consumer companies have seen ⁠a wave of CEO departures in recent ⁠years, with boards ​increasingly turning to new leaders amid slowing growth, cost pressures and shifting shopper behavior.

Tate & Lyle declined to comment on the ​report ‌when contacted by Reuters.

* Sky News reported that Tate & Lyle has been working with headhunters for several months to identify a successor to Hampton, who could step down ​as soon as this year.

* Hampton joined Tate & Lyle ‌as chief financial officer in 2014 and became CEO in April 2018, overseeing the ‌company through the pandemic and other changes.

* The company has reshaped its business during his tenure, moving towards sugar ​reduction and recently acquiring CP Kelco, a producer of pectin, specialty gums ‌and other ingredients.

* Shares of Tate & Lyle have lost about 34% of their value since Hampton's appointment. They fell ⁠42.3% ⁠in 2025.

* In February, the company ‌forecast that revenue and core profit would decline by a low-single-digit percentage year-on-year ​for ​the year ending March 31.

* Tate & Lyle is ‌the ingredient supplier to Splenda, a non-sugar sweetener that goes into Diet Coke and other sugar-free drinks. (Reporting by Rishab Shaju in Bengaluru; Editing by Sahal Muhammed)

Tate & Lyle