4 March 2024
TREATT
PLC
("Treatt" or "the Group")
Appointment of Chief
Executive Officer
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 the appointment of David
Shannon as Group Chief Executive Officer and a Director effective
on 3 June 2024.
David joins Treatt from Croda
International Plc where he has held a number of senior roles,
recently as President of Consumer Care and an Executive Committee
member. He has extensive experience in selling specialty
ingredients in the B2B environment for the Flavour and Fragrance,
Personal Care, Pharmaceutical and Agricultural industries
worldwide.
David has a proven track record of
sustainably growing businesses in dynamic markets. He has spent 13
years in various roles in the USA, a key market for Treatt, and has
recently overseen a new manufacturing project in China. David's
experience includes global business management, setting and
delivering strategy, optimising science and innovation to drive
revenue growth, identifying new ways to maximise revenue and
attracting, retaining and developing employees. He has a degree in
Chemistry from Edinburgh University.
Ryan Govender and Alison Sleight
will continue as Interim CEO & Interim CFO respectively until
David joins, when Ryan will resume as CFO and Alison as Group
Finance & IT Director, and the Board thanks them for their
continued commitment and strong contribution.
Vijay Thakrar, Chair of Treatt,
commented:
"Following a robust search process
that attracted a number of high quality candidates, we are thrilled
that David is joining the Treatt team. He has highly relevant
international experience delivering growth in an innovation led
group, with a motivational and collaborative leadership style,
which will enable him to lead Treatt through its next, exciting
phase. The Board and I look forward to working closely with David,
Ryan and our Leadership Team as they focus on realising the full
potential of Treatt following the investments of recent
years.
David Shannon added:
"I am honoured to be joining Treatt
as CEO, a company that has a remarkable history of delivering
excellence to its customers through sustainability, innovation and
agility, supported by a unique culture. I am looking forward to
working with everyone at Treatt to build on its strong foundation,
unlock new opportunities and chart a path of sustained
success."
The Company confirms that there is
no further information to be disclosed under the requirements of
Listing Rule 9.6.13 in relation to the appointment.
Treatt
plc
+44 (0)1284
702500
Vijay
Thakrar
Chair
Ryan Govender
Interim Chief Executive
Officer
Alison Sleight
Interim Chief Financial
Officer
Brokers
Investec Bank
plc
+44 (0) 20 7597 5970
Patrick Robb
David Anderson
Peel Hunt LLP
+44 (0) 20 7418 8900
George Sellar
Mike Burke
Financial PR
MHP Communications
+44 (0) 20 3128 8789
Tim Rowntree
Eleni Menikou
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 350 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.
