Nick Hampton, chief executive of Tate & Lyle (LSE:TATE), is preparing to leave his role after eight years leading the company, according to a report by Sky News on Tuesday citing industry sources.
The report said the food ingredients group has been working with executive search firms for several months to identify a successor, with Hampton potentially stepping down as early as this year.
Hampton joined Tate & Lyle in 2014 as chief financial officer before being promoted to chief executive in April 2018.
Since he took over as CEO, Tate & Lyle shares have declined by roughly 34%, including a 42.3% drop in 2025 alone.
Earlier this year, in February, the company warned that both revenue and core profit are expected to fall by a low single-digit percentage for the financial year ending March 31.
Tate & Lyle supplies ingredients for Splenda, the widely used non-sugar sweetener found in products such as Diet Coke and other sugar-free beverages.
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