PURE.L Regulatory News (PURE)

PURECIRCLE LIMITED

RECRUITMENT OF NEW CHIEF FINANCIAL OFFICER

PureCircle (LSE: PURE), the world's leading producer and marketer of high purity stevia ingredients, today announces the recruitment of its new Chief Financial Officer.

The Company has signed an agreement with Mr Rakesh Sinha to take over as Chief Financial Officer (CFO) from Mr William Mitchell who as previously announced is retiring.

Mr Sinha will join the Company from Unilever where across his 17 year career he has held a number of senior finance and strategic roles in both developed and emerging markets, including Finance Director of the Australian & New Zealand Ice-cream business and CFO of Unilever Taiwan & Hong Kong. Mr Sinha is currently CFO (Latin America, South and Eastern Europe) at Unilever Food Solutions. Mr Sinha brings with him a strong track record of commercial leadership, profitable growth delivery, and strategy development and deployment. Prior to joining Unilever, Mr Sinha worked for BHP Billiton and Time-Life International.

Mr Sinha, 47, is a British-Australian dual national, UK qualified Chartered Accountant, a Chemical Engineering Graduate from the University of Leeds and holds an MBA from Erasmus University, Rotterdam School of Management.

Mr Sinha will join PureCircle on 25 April 2016 and will be based at the Company's head office in Kuala Lumpur, Malaysia. Following a suitable handover period working with Mr Mitchell, it is anticipated Mr Sinha will join the Board as an executive director and take over from Mr Mitchell as Chief Financial Officer on his retirement from that role later this year. 

The Company will provide an update on the retirement of Mr Mitchell as Chief Financial Officer in due course.

Commenting on the recruitment of Mr Sinha as new Chief Financial Officer, the Chairman Paul Selway-Swift said: "In seeking a replacement CFO we undertook a global search looking for candidates with the relevant experience, personal capacity and drive to help take the Company to the next level of its development. The Group has major long term growth plans and we are delighted to have secured the services of Rakesh Sinha to support and help lead those plans. We believe he will bring to PureCircle a great combination of relevant industry knowledge, proven international experience, strong leadership to our finance team and a valuable contribution to our Board."

No other information is required to be disclosed pursuant to paragraph LR 9.6.13R of the Listing Rules of the Financial Conduct Authority.

18 February 2016

NOTES TO EDITORS

PureCircle is the world's leading producer of high-purity stevia ingredients for the global food and beverage industry. Its mission is to encourage healthier diets around the world through the supply of natural ingredients to the global food and beverage industry. Its vision is to lead the global expansion of stevia as the next mass volume, natural-origin sweetener. PureCircle has offices around the world with the global headquarters in Kuala Lumpur, Malaysia. The Business was founded in 2002. PureCircle's shares are listed on the main market of the London Stock Exchange and trade under the ticker symbol PURE. For more information, visit: www.purecircle.com.