Treatt PLC - manufacturer and supplier of extracts and ingredients for the beverage, flavour and fragrance industries - Appoints Croda International PLC’s David Shannon as group chief executive officer and as a director, effective June 3. Ryan Govender and Alison Sleight will continue as interim CEO and interim chief financial officer respectively until Shannon joins, when Govender will resume his role as CFO and Sleight as group finance and IT director.

Chair Vijay Thakrar says: ‘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.’

Current stock price: 402.40 pence, down 0.4% in London on Monday afternoon

12-month change: down 26%

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