Tate & Lyle poaches PepsiCo exec as new CFO: Analyst looks at his in-tray
Equity analyst Martin Deboo from Jefferies said in a note this morning that he thought outgoing CFO would be missed, “but we also expect Hampton to bring fresh energy and perspective to bear on the next phase of Tate’s development”.
Hampton is former CFO of PepsiCo’s Europe division and was – until today’s announcement – PepsiCo’s president for West Europe and SVP commercial for its Europe sector.
“PepsiCo Europe is a $13bn (€8bn) sales business, more than twice the size of Tate. It is likely to be a major customer for Tate’s intense sweeteners portfolio and other products,” Deboo said.
“So we would expect Hampton to bring best in class commercial and financial perspectives, honed in a major multinational, plus some highly relevant customer insight,” the analyst added.
Top of Hampton’s in-try would be Tate’s growth agenda, Deboo wrote, which Jeffries thinks will embrace both organic and acquisitive imperatives.
