Stock: Associated British Foods (ABF)Top Management and Board of DirectorsTop ManagementTop Management [Four top executives with tenure > 20 yrs]
Board Of DirectorsBoard Of Directors [Seven directors with tenure > 14 yrs]
Profiles of Top ManagementGeorge WestonCEO George was appointed to the board in 1999 and took up his current appointment as Chief Executive in April 2005. In his former roles at Associated British Foods, he was Managing Director of Westmill Foods, Allied Bakeries and George Weston Foods Limited (Australia). Other appointments: He is a non-executive director of Wittington Investments Limited and a trustee of the Garfield Weston Foundation. Shareholder Value: Creation of shareholder value in Associated British Foods: Date of appointment: April 01, 2005 In the last 20 years the average annualized return to shareholders was 6.9%. The present value of GBP1,000 (PV1000) invested 20 years ago is now GBP3,802, a gain of GBP2,407 and dividend reinvested of GBP395. Michael McLintock Chairman Michael was appointed a director in November 2017 and Chairman in April 2018. He was formerly Chief Executive of M&G, retiring in 2016, having joined the company in 1992 and been appointed Chief Executive in 1997. In 1999 he oversaw the sale of M&G to Prudential plc where he served as an Executive Director from 2000 until 2016. Previously he held roles in investment management at Morgan Grenfell and in corporate finance at Morgan Grenfell and Barings. Other appointments: Trustee of the Grosvenor Estate Non-Executive Chairman of Grosvenor Group Limited Chairman of The Investor Forum CIC Member of the Advisory Board of Bestport Private Equity Limited Member of the Takeover Appeal Board Member of the MCC Committee George G. Weston Executive Director George was appointed to the Board in 1999 and took up his current appointment as Chief Executive in April 2005. In his former roles at Associated British Foods, he was Managing Director of Westmill Foods, Allied Bakeries and George Weston Foods Limited (Australia). Other appointments: Non-Executive Director of Wittington Investments Limited Trustee of the Garfield Weston Foundation Trustee of the British Museum Profiles of Board of DirectorsAnnie MurphyIndependent Non-Executive Director Annie was appointed a director in September 2023. Annie has held senior roles at fast moving consumer goods and retail companies including PepsiCo and Procter & Gamble and, most recently, as SVP, Global Chief Commercial Officer - Brands and International at Walgreens Boots Alliance until January 2023. Other appointments: Deputy Chair and Board Member of the British Beauty Council Kumsal Bayazit Independent Non-Executive Director Kumsal was appointed a director in December 2023. Kumsal is currently Chief Executive Officer of Elsevier. Since 2004, Kumsal has held multiple management positions at RELX Group, including as Chief Strategy Officer, President of Reed Exhibitions and, until 2023, as Chair of the RELX Technology Forum, responsible for technology, risk management and cyber security strategy across the RELX Group. Prior to joining RELX, Kumsal spent several years at Bain & Company in its New York, Los Angeles, Johannesburg and Sydney offices. Other appointments: Chief Executive Officer of Elsevier Non-Executive Director of Preqin Graham Denis Allan Independent Non-Executive Director Graham was appointed a director in September 2018 and became chair of the Remuneration Committee in May 2023. Graham was formerly the Group Chief Executive of Dairy Farm International Holdings Limited, a pan-Asian retailer. Prior to joining Dairy Farm, he was President and Chief Executive Officer at Yum! Restaurants International. Graham has previously held various senior positions in multinational food and beverage companies with operations across the globe and has lived and worked in Australia, Asia, the US and Europe. Other appointments: Senior Independent Director of Intertek Group plc Senior Independent Director of InterContinental Hotels Group PLC Non-Executive Director of Americana Restaurants International PLC Non-Executive Chairman of Bata International Director of IKANO Pte Ltd Strategic Advisor to Nando's Group Holdings Limited Richard Reid Independent Non-Executive Director Richard was appointed a director in April 2016. He was formerly a partner at KPMG LLP ('KPMG'), having joined the firm in 1980. From 2008, Richard served as London Chairman at KPMG until he retired from that role and KPMG in September 2015. Previously, Richard was KPMG's UK Chairman of the High Growth Markets group and Chairman of the firm's Consumer and Industrial Markets group. Other appointments: Chairman of National Heart and Lung Foundation Deputy Chairman of Berry Bros & Rudd Senior Advisor to Bank of China UK Warden and Member of the Court of the Goldsmiths' Company Dame Heather Rabbatts Independent Non-Executive Director Dame Heather Rabbatts was appointed a director on 1 March 2021 and has been Senior Independent Director since 1 May 2023. Heather has held a number of executive and non-executive roles including in local government, infrastructure, media and sports. She has previously been a Non-Executive Director of Grosvenor Britain & Ireland, a Non-Executive Director of Kier Group plc and was the first woman on the Board of the Football Association in over 150 years. She continues to work in film and sports. Other appointments: Chair of Soho Theatre Senior Independent Non-Executive Director of M&C Saatchi plc Wolfhart Hauser Independent Non-Executive Director Wolfhart Hauser is currently Chief Executive Officer of Intertek Group plc. Previously, he was Chief Executive Officer and President of TUV Suddeutschland AG and Chief Executive Officer of TUV Product Services. Starting his career with various research activities, he went on to establish and lead a broad range of successful international service industry businesses. He has held several non-executive board director and chairman roles in a variety of technology companies. He was a non-executive director of Logica plc from 2007 to 2012. He is currently a non-executive director of Reed Elsevier Group PLC and Reed Elsevier NV. Emma Adamo Non-Executive Director Emma Adamo Non-executive director (age 51) Emma was appointed as a director in December 2011. She was educated at Stanford University and INSEAD in France. Other appointments: She is a director of Wittington Investments Limited, and of the W Garfield Weston Foundation in Canada. |